Question

A customer bought a floor spread at a discount of 5% for Rs 760. What was its marked price?

Answer 1

Selling price of the floor spread = Rs 760
Discount = 5%
Let the marked price be Rs x.
Discount = Marked Price × p.c. discount
= x × 5%
$=\frac{5x}{100}$
Selling price =Marked Price − Discount
⇒ Marked Price= Selling price + Discount
⇒ x = 760 + $\frac{5x}{100}$
⇒ 760 = x − $\frac{5x}{100}$
⇒ $\frac{95x}{100}$ = 760
⇒ x = 800
∴ The marked price of the floor spread is Rs 800.