Question : A man sold an article for Rs. 450 after allowing a discount of $16\tfrac{2}{3}$% on the printed price. What was that printed price?
Option 1: Rs. 525
Option 2: Rs. 530
Option 3: Rs. 535
Option 4: Rs. 540
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Correct Answer: Rs. 540
Solution :
Given: An article was sold for Rs. 450 after a discount of $16\tfrac{2}{3}$% on the marked price.
Selling price = $\frac{100-\text{Discount%}}{100}×$ marked price
⇒ $450 = \frac{100-16\frac{2}{3}}{100}×$ marked price
⇒ marked price $=\frac{45000}{\frac{250}{3}}=540$
Hence, the correct answer is Rs. 540.
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