Question : A dealer allows a discount of 15%. A customer pays an amount of Rs. 318.75 for an article. At what price is the article listed?
Option 1: Rs. 366.50
Option 2: Rs. 375.00
Option 3: Rs. 350.00
Option 4: Rs. 431.25
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Correct Answer: Rs. 375.00
Solution : Let $x$ be the marked price. Discount = 15%, the selling price = $\frac{100-D_1}{100}\times \text{MP}$, where D 1 is discount percentage and MP is the marked price. Selling Price = 85% of $x$ ⇒ 318.75 = $\frac{85 × x}{100}$ ⇒ $x$ = $\frac{318.75 × 100}{85}$ ⇒ $x$ = $\frac{31875}{85}$ ⇒ $x$ = Rs. 375 Hence, the correct answer is Rs. 375.00.
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