Ques:- A shopkeeper allows 10% discount on the price of an article and sells it for Rs. 7,600. What is the market price of the article ?
A. Rs. 8,250
B. Rs. 8,500
C. Rs. 8,540
D. Rs. 8,415
E. None of these
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Answer is (e). The Market price is 8,444.
If x is the Market Price, then
x – (x*10/100) = 7600
x(1-10/100) = 7600
x(90/100) = 7600
x = 7600 * 100/90
x = 76000/9
x = 8444 (approx)
7600* 10% = 760
7600 + 760 = 8360
The answer will be (e) None of these
and the exact answer would be 8444.44 as the discount is on the market price not on the selling price.
So, let market price be x,
The Equation would be :- x – (10% of x) = 7600
x = 8444.44
So the Market Price would be 8444.44.
E non of those