An article was sold for Rs. 716 after offering a discount of 10.5%. If a discount of 6.5% is given, then for how much (in Rs) should it be sold?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 748
Let the Marked price be 100x
Price of an article if there is no discount,
10.5% of 100x = 10.5x
Selling price = 716
89.5x = 716
x = 716/89.5
x = 8
MP = 100 × 8 = 800
Selling price of an item if there is a discount of 6.5%
800 × (100 - 6.5)\100 = 748