A shopkeeper gives a 12% discount on the marked price of a TV set. If a set is sold for Rs 7480, what was its marked price?
Selling price = Rs 7480
Rate of discount = 12%
Let Marked price be x
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⇒ x -0.12x = 7480
⇒ 0.88x = 7480
⇒x = Rs. 8500
Marked Price is Rs. 8500
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