An almirah is sold at ₹ 5225 after allowing a discount of 5% on the marked price. Calculate its marked price.
The correct option is B (₹5500)
Let the marked price(M.P) be ₹ x.
According to the given information:
Selling price = M.P − discount
Selling price = M.P −5% of M.P
⇒5225=x−5% of x
⇒5225=x−5100×x
⇒5225=x−0.05x
⇒5225=0.95x
⇒x=52250.95
∴x=₹5500
Hence, the marked price of almirah is ₹5500.