A shopkeeper allows a discount of 18% on the marked price of an article such that the selling price is Rs. 574. Find the marked price of the article.
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. Rs. 700.
S.P. = M.P. × (1 - D/100)
Let, x be the M.P.
⇒ 574 = x × (1 - 18/100)
⇒ 574 = x × (1 - 0.18)
⇒ 574 = x × 0.82
⇒ x = 574/0.82
⇒ x = 700 (approximately)