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After allowing a discount of on the marked price, a toy was sold for Rs. Find its marked price.

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500

1000

600

700

answer is C.

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Detailed Solution

Concept- As we don’t know the market price we will consider as a

.
By using the percentage formula that is
So, given to the question discount percentage is

on market value.
Selling price =

As we have taken market value =

Percentage:

We can write it as

Now let’s see the discounted price:

Selling price = original price – discount price
[ putting value as per given question that is selling price is

, original price taken as

and discount price calculated as

]

The market value of the toy is Rs

.
Hence, the correct option is 3.

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