An item with a marked price of ₹z was sold for ₹6,622, after a discount of 12% was offered. What was the value of z?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. ₹7,525.
Given that
Marked price = ₹z
Selling price = ₹6,622
Discount on Marked price = 12%
Selling price = Marked price × (100 - discount%)/100
According to the question
z = 6622 × 100/(100 - 12)
z = 6622 × 100/88 = ₹7,525