Question : A retailer wants to sell an item for Rs. 2700 after granting a 10% discount. What is the marked price of the item?
Option 1: Rs. 2850
Option 2: Rs. 3000
Option 3: Rs. 3050
Option 4: Rs. 3110
Answer (1)
21st Jan, 2024
Correct Answer: Rs. 3000
Solution :
The retailer wants to sell the item for Rs. 2700 after a 10% discount.
Now, the marked price = selling price × $\frac{100}{100-\text{discount percentage}}$
= 2700 × $\frac{100}{100-10}$
= 2700 × $\frac{100}{90}$
= 3000
Hence, the correct answer is Rs. 3000.
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