Question

After a discount of 5% on the marked price of a set of pencils, it still cost the buyer Rs. 1,919. What was the marked price of the set of pencils?

1. Rs. 2020
2. Rs. 2040
3. Rs. 2060
4. Rs. 2080

Answer 1

Correct Answer - Option 1 : Rs. 2020

Given:

Cost of the buyer = Rs. 1919

Discount = 5%

Concept used:

S.P = M.P × (100 – D%)/100

Where,

S.P → Selling price 

M.P → Marked Price 

D% → Discount%

Calculation:

Cost of the buyer = Rs. 1919

Discount = 5%

Let the M.P. be x

∴ Required equation:

⇒ x × 95/100 = 1919

⇒ x = 1919 × 100/95

⇒ x = 20.2 × 100

⇒ x = Rs. 2020

The Marked priced price of the set of pencils is Rs. 2020.