Find MP if sp-RS.6225 and discount = 17%
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Answer:
mp* 83/100= selling price
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Given: S.P. = Rs. 6225 and discount = 17%
To find: The M.P.
Solution:
- Here, S.P. is the selling price and M.P. is the marked price.
- Marked price is the actual cost of a product and selling price is the price of it after the product has been discounted.
- The relation between these quantities is given by,
- Here, d is the discount percentage value on the product.
- On replacing the terms with the values given in the question, the obtained equation is,
- On rearranging and solving further, the value of M.P. is found to be,
Therefore, the marked price is Rs. 7500.
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