If the selling price of Rs. 623 results in a discount of 11% on the market…
2024
If the selling price of Rs. 623 results in a discount of 11% on the market price of an item, at what price should the item be sold to offer a discount of 19%?
- A.
557
- B.
567
- C.
577
- D.
587
Attempted by 5 students.
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Correct answer: B
First, determine the Market Price. A selling price of 623 with an 11% discount means 623 = Market Price * (1 - 0.11). Thus, Market Price = 623 / 0.89 = 700. To find the price for a 19% discount, calculate 700 * (1 - 0.19) = 700 * 0.81 = 567.