Question

Find MP when sp=5225 and discount=5%

Answer 1

Step-by-step explanation:

The discount is given in percentage. Hence, the M.P. is taken as Rs 100. Rate of discount = 5%.

Amount of discount = (5/100)×100 = Rs 5.

Selling Price = M.P. – Discount = 100 – 5 = Rs. 95. If S.P. is Rs 95, then M.P. is Rs. 100. When S.P. is Rs. 5225, M.P. = Rs. (100/95) × 5225. Therefore the M.P. of the almirah = Rs. 5,500 and hence the correct option is D) Rs. 5,500.

Second Method: We can also use the following method. This is the easier and the faster way.

S.P. = Rs 5225 and Discount = 5%. Also, M.P. =?. Now we have:

M.P. = [100/(100 – Discount%)] × S.P. = [100/(100 – 5)] × 5225

In other words we may also write: Rs. (100/95) × 5225 = Rs. 5,500.