Question : After allowing a discount of 12.5% on the marked price, an article is sold for INR 2,625. Find its marked price.
Option 1: INR 2,975
Option 2: INR 2,900
Option 3: INR 2,950
Option 4: INR 3,000
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Correct Answer: INR 3,000
Solution :
Given, Discount = 12.5% and Selling price = 2625
Selling price = $\frac{100-\text{Discount}\%}{100}×\text{Marked price}$
⇒ $2625 = \frac{100-12.5}{100}×\text{Marked price}$
$\therefore$ Marked price $=\frac{100×2625}{87.5}=3000$
Hence, the correct answer is INR 3,000.
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