Question

A garment dealer sells a garments by allowing a discount of 12%, but if he allows a discount of 9%, it would fetch him Rs. 3000 more. Find the marked price.
1. Rs. 2,00,000
2. Rs. 1,00,000
3. Rs. 1,50,000
4. Rs. 4,00,000

Answer 1

Correct Answer - Option 2 : Rs. 1,00,000

Given:

Discount: 9% fetch Rs 3000 more

Formula used:

Discount = Marked price - Selling price

Calculation:

Let the marked price is Rs. x

⇒ (x – 12% of x) + 3000 = (x – 9% of x)

⇒ 88x/100 + 3000 = 91x/100

⇒ 3000 = 3x/100

⇒ 1,00,000 = x

∴ The market price is Rs. 1,00,000