Question

A shopkeeper gives 11% discount on a television set, hence the cost price of it is Rs. 22,250. Then find the marked price of the television set.

Answer 1

Let the marked price of the television set be Rs x.

Discount percent on the television set = 11%

If the marked price of the television set was Rs 100, then the customer would have paid (Rs 100 − Rs 11) Rs 89 for the television set.

It is given that cost price of the television set to the customer is Rs 22,250.

∴ $$\frac{89}{100}=\frac{22250}{x}$$

⇒ $$x=22250\times \frac{100}{89}$$

= Rs. 25,000

Thus, the marked price of the television set is Rs 25,000.