An article is sold at Rs. 920 after giving a discount of 8%. What is the marked price?
Show answer & explanation
Correct answer: A
Explanation
Given:
Selling Price (SP) = 920
Discount = 8%
According to the formula:
SP = MP × (100 − Discount)/100
920 = MP × 92/100
MP = 920 × 100/92 = ₹1000