Question : Mohan purchased trousers for INR 765 after a discount of 15% was offered on its marked price. What is the marked price (in INR) of the trousers?
Option 1: 885
Option 2: 855
Option 3: 900
Option 4: 870
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Correct Answer: 900
Solution :
The marked price (MP) = Selling price (SP) × $\frac{100}{(100-\text{discount percentage})}$
The trousers were purchased for INR 765 after a 15% discount, which means that INR 765 is 85% of the marked price (MP) (because 100% – 15% = 85%).
MP = 765 × $\frac{100}{85}$ = INR 900
Hence, the correct answer is 900.
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