Question : After allowing a 15% discount, the selling price of the radio becomes Rs. 255. The marked price is:
Option 1: Rs. 500
Option 2: Rs. 600
Option 3: Rs. 400
Option 4: Rs. 300
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Correct Answer: Rs. 300
Solution :
Discount = 15%
The selling price of the radio = Rs. 255
Selling price = $\frac{100-Discount\%}{100}×$ Marked price
Rs. 255 = $\frac{85}{100}$× Marked price
Marked price = $\frac{255×100}{85}$ = Rs. 300
Hence, the correct answer is Rs. 300.
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