A table was sold for Rs.1150 after allowing a discount of 8% on the marked price. Find the marked price of the table.
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Given : A table was sold for Rs.1150 after allowing a discount of 8% on the marked price.
To Find: Marked price of the table
Solution:
Assume that marked price of the table = 100M Rs
Discount = 8 %
8 % Discount = (8/100) 100M = 8M Rs
Price after discount = 100M - 8M = 92M Rs
Price after discount = Rs 1150
Equate Prices
=> 92M = 1150
=> M = 12.5
=> 100M = 1250
marked price of the table = Rs 1250
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