Question : If the selling price is Rs. 1680 after getting a discount of 16%, then what was the marked price?
Option 1: Rs. 2,000
Option 2: Rs. 1,948.48
Option 3: Rs. 1,411.20
Option 4: Rs. 1,448
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Correct Answer: Rs. 2,000
Solution :
Let the marked price be 100 units.
After a 16% discount, the selling price = (100 – 16) = 84 units
Here, 84 units are equivalent to Rs. 1680.
Then, 100 units is equivalent to $(\frac{1680×100}{84}$) = Rs. 2,000
Hence, the correct answer is Rs. 2,000.
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