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Question : An item with a marked price of INR z was sold for INR 6,622 after a discount of 12% was offered. What was the value of z?

Option 1: INR 7,425

Option 2: INR 7,500

Option 3: INR 7,525

Option 4: INR 7,575


Team Careers360 16th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: INR 7,525


Solution : According to the question
The item was sold for INR 6,622 after a discount of 12%.
Discount Price = Marked Price − Discount × Marked Price
⇒ 6622 = z − 0.12 × z = 0.88 × z
$\therefore$ z = $\frac{6622}{0.88}$ = 7525
Hence, the correct answer is INR 7525.

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