If the selling price of an item is Rs 1150 after getting a discount of 8%, what is its marked price?
- ARs 1250
- BRs 1242
- CRs 1058
- DRs 1064
Solution & Step-by-step Explanation
Let the marked price of the item be M.
The discount given is 8%.
Therefore, the selling price (SP) is 92% of the marked price.
SP=M×(1−
100
8
)=M×
100
92
Given that the selling price is Rs 1150:
1150=M×
100
92
M=
92
1150×100
M=
92
115000
=1250
Thus, the marked price is Rs 1250.
The discount given is 8%.
Therefore, the selling price (SP) is 92% of the marked price.
SP=M×(1−
100
8
)=M×
100
92
Given that the selling price is Rs 1150:
1150=M×
100
92
M=
92
1150×100
M=
92
115000
=1250
Thus, the marked price is Rs 1250.