What is the Marked Price of the Article

A shopkeeper allows a rebate 12% on the marked price of an article such that the selling price is ₹ 440. Then the marked price of the article is

  1. ₹ 490
  2. ₹ 500
  3. ₹ 600
  4. ₹ 550
Manish Listener Asked on 19th June 2015 in Maths.
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1 Answer(s)

Answer: (2) Rs.500
Explanation:-
A shopkeeper allows rebate = 12%
Then, the selling price = 88%
Thus,  Market price = 100 x 440/88
= 1000/2 = 500
Hence, the market price is Rs.500.

Anurag Mishra Professor Answered on 19th June 2015.
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