A bike is sold for ₹87,500 by allowing a discount of 44% on its marked price. The marked price (in ₹) of the bike is:
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 1,56,250
Given that
Selling price SP = ₹87500
Discount % D = 44%
Marked price MP = SP/(100 - D) = 87500/(100 - 44)% = 87500/0.56 = ₹156250