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
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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