Question : A shopkeeper listed the marked price of a chair at a certain amount. If the shopkeeper declares a 15% discount and sells it at Rs.1,445. What is the marked price?
Option 1: Rs. 1,750
Option 2: Rs. 1,800
Option 3: Rs. 1,700
Option 4: Rs. 1,850
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Correct Answer: Rs. 1,700
Solution :
Selling price = Rs. 1445
Discount = 15% of marked price
Now, selling price = marked price – discount
⇒ 85% of marked price = 1445
So, the marked price = $\frac{144500}{85}$ = Rs. 1,700
Hence, the correct answer is Rs. 1,700.
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