A shopkeeper gives a discount of 12% on the marked price of an item. If the selling price of item is Rs.13,200, then what is the marked price of the item?
Show answer & explanation
Correct answer: A
Explanation
The Correct answer is Option 1 i.e. Rs.15,000.
Let the marked price be x
S.P. = M.P. - Discount%
⇒ 13200 = x - 12x/100
⇒ 13200 = (100x - 12x)/100
⇒ 1320000 = 88x
⇒ x = Rs.15000