Question
Download Solution PDFA shopkeeper announced 17% rebate on the marked price of an article. If the selling price of the article is ₹1,245, then the marked price (in ₹) of the article is:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Rebate = 17%
Selling Price (SP) = ₹1,245
Formula used:
SP = MP × (1 - Rebate/100)
Where, MP = Marked Price
Calculations:
1245 = MP × (1 - 17/100)
⇒ 1245 = MP × (83/100)
⇒ MP = 1245 × (100/83)
⇒ MP = 1500
∴ The correct answer is option (1).
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