Question

The cost price of an article is Rs. $1600$, which is $20\%$ below the marked price. If the article is sold at a discount of $16\%$, then find the marked price.

Answer 1

Given :

Cost price $=Rs.1600$

Let Marked price be $x$

Then $\frac{80\times x}{100}=1600$

$x=2000$

$\therefore$ Marked price $=Rs2000$