After giving a discount of 25 percent a cycle is sold for Rs. 7200. What is…
2024
After giving a discount of 25 percent a cycle is sold for Rs. 7200. What is the marked price of the cycle?
- A.
Rs. 9500
- B.
Rs. 10000
- C.
Rs. 9000
- D.
Rs. 9600
Attempted by 69 students.
Show answer & explanation
Correct answer: D
To find the marked price of the cycle, we can use the relationship between the marked price, the discount percentage, and the final selling price.
Step-by-Step Calculation
Understand the relationship:
When a discount is applied, the selling price is the marked price minus the discount amount.
Selling Price = Marked Price - (Discount Percentage × Marked Price)
Alternatively, Selling Price = Marked Price × (1 - Discount Percentage)
Define the known values:
Selling Price = Rs. 7,200
Discount Percentage = 25% (or 0.25)
Let the Marked Price be M.
Set up the equation:
7,200 = M × (1 - 0.25)
7,200 = M × 0.75
Solve for M:
M = 7,200 / 0.75
M = 9,600