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Question : A shopkeeper allows a rebate of 12% on the marked price of an article such that the selling price is Rs. 440. Then the marked price of the article is:

Option 1: Rs. 490

Option 2: Rs. 500

Option 3: Rs. 600

Option 4: Rs. 550


Team Careers360 12th Jan, 2024
Answer (1)
Team Careers360 25th Jan, 2024

Correct Answer: Rs. 500


Solution : Let the marked price be $x$.
According to the question,
$\frac{100 - 12}{100}×x$ = 440
⇒ $\frac{88}{100}×x$ = 440
$\therefore x$ = Rs. 500
Hence, the correct answer is Rs. 500.

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