A shopkeeper gives 11% discount on a television set, hence the cost price of it is Rs. 22,250. Then find the marked price of the television set.
Given:
Discount = 11%
Cost Price = Rs 22250
Now, let us suppose the marked price is Rs x.
Given discount is 11% on the marked price.
Discount = 0.11x
We also know the cost price is Rs 22250 after a discount of 11% on the marked price.
x – 0.11x = 22250
0.89x = 22250
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Hence, the marked price is Rs 25000.
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