An article sold for Rs. 765 after a discount of 15%. What was the marked price?
Show answer & explanation
Correct answer: C
Explanation
Given:
Selling Price (SP) = ₹765
Discount = 15%
By the formula:
SP = MP × (1 − discount/100)
765 = MP × (1 − 15/100)
765 = MP × 0.85
MP = 765 ÷ 0.85
MP = 900
Marked Price = ₹900