After allowing a discount of

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Question:

After allowing a discount of $7 \frac{1}{2} \%$ on the marked price, an article is sold for Rs 555 . Find its markd price.

Solution:

Given,

SP of the article $=$ Rs. 555

Discount $=7.5 \%$

Let the MP of the article be Rs. $x$.

Therefore, Discount $=\frac{\text { Discount } \times \mathrm{MP}}{100}=$ Rs. $\frac{7.5 x}{100}=$ Rs. $0.075 x$

Since SP $=\mathrm{MP}-D$ iscount,

$555=x-0.075 x$

$555=0.925 x$

$x=\frac{555}{0.925}$

$=R s .600$

Thus, the MP of the article is Rs. 600 .

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