a discount of 12% is given on the market price. Find the market price of the sp is Rs 440
Answers
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Answer:
- The marked price = Rs. 500.
Given:
- Discount = 12%
- Selling Price = Rs. 440
Need To Find:
- Market price = ?
Explanation:
Formula used here:
- MP = 100 × SP/100 - Discount%
Putting the values according to the given formula:
➠ 100 × 440/100 - 12
➠ 44,000/88
➠ 4,000/8
➠ MP = Rs. 500
- Hence, the marked price is Rs. 500.
Additional Information:
Here,
- MP is used for Marked Price.
- SP is used for Selling Price.
- Selling Price = Marked Price - Discount
- Discount% = Discount × 100/Marked Price
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