A shopkeeper announced 17% rebate on the marked price of an article. If the selling price of the article is Rs.1,245, then the marked price (in Rs.) of the article is :
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. 1500.
Let the Marked Price = ₹x
Since a 17% rebate is given,
⇒ Selling Price = 83% of Marked Price
⇒ 1245 = 83/100 × x
⇒ x = (1245 × 100)/83 = 124500/83 = 1500