The cost price of an article is Rs. 800. After allowing a discount of 10%, a gain of 12.5% was made. Then the marked price of the article is
1). Rs. 1,000
2). Rs. 1,100
3). Rs. 1,200
4). Rs. 1,300
Let, The marked price of the article is ‘x’.
After allowing a discount of 10%,
Price at which it is sold = x – 0.10x = 0.90x.
According to the question,
The cost price = Rs.800.
Gain made = 12.5%.
∴ 0.90x = 800 + 0.125 × 800
⇒ 0.90x = 900
⇒ x = 1000.