allowing a discount of 1 1/2 % on the marked price the article was sold at 555
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Step-by-step explanation:
Given, SP of the article = Rs 555 Discount = 7 1/2% = 15/2% By using the formula MP = (100 × SP) / (100 – Discount %) = (100 × 555) / (100 – (15/2)) = (100 × 555) / ((200 – 15)/2) = (100 × 555) / (92.5) = 55500/92.5 = Rs 600 ∴ Marked Price = Rs 600
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