If a book costs Rs. 800 and is sold with a profit of 10% and discount of 12% then the marked price is:
Show answer & explanation
Correct answer: C
Explanation
Given:
Cost Price = 800
Profit = 10%
Discount = 12%
Formula:
Selling Price = Cost Price × (100 + Profit)% / 100
Selling Price = Marked Price × (100 − Discount)% / 100
Selling Price = 800 × 110 / 100 = 880
880 = Marked Price × 88 / 100
Marked Price = (880 × 100) / 88 = 1000