A cell phone was bought for Rs.18,400 after getting a discount of 8% on its marked price. What is the marked price of the cell phone ?
Answer & explanation
Correct answer: option 4
S.P = Rs. 18400
Discount = 8%
According to the question,
18400 = \(\frac{92}{100}\) × M.P
M.P = \(\frac{100}{92}\) × 18400
M.P = Rs.20000