After allowing a discount of 8% on a shirt, it is sold for Rs. 828. Find its marked price.
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Rs. 900
A discount is always taken on the marked price. After an 8% discount the customer pays the remaining 92% of the marked price, and that is the selling price of Rs. 828. So the marked price is found by working back from 92%.
Selling price is 92% of the marked price: \(\displaystyle\frac{92}{100}\times\text{MP}=828\)
So the marked price \(=\displaystyle\frac{828\times100}{92}=9\times100=900\)
So the marked price is Rs. 900.