Question

Question 69(i)

Find the MP, if
SP = Rs. 495 and discount = 1%

Answer 1

Selling price (SP) = Rs. 495
Discount % = 1%
Let the marked price be Rs. x
$\therefore$ Selling price = Marked price - $\frac{Discount\%}{100}\times MP$
$\Rightarrow 495=x-\frac{1}{100}\times x\Rightarrow 495=\frac{100x-x}{100}$
$\Rightarrow 495=\frac{99x}{100}$ [by cross - multiplication]
$\Rightarrow 99x=49500\Rightarrow x=500$
Hence, the marked price = Rs 500