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The cost price of an article is ₹ 800 . After allowing a discount of 10 %, a gain of 12.5 % was made . Then, the marked price of the article is

₹ 1000
₹ 1100
₹ 1200
₹ 1300

Correct Answer: ₹ 1000

Explanation:

Here, CP = ₹ 800 , r = 10 % and R = 12.5 %
∴ Marked price (MP) = CP x (100 + R)/(100 - r)
= 800 x (100 + 12.5)/(100 - 10)
= (800 x 112.5)/90 = ₹ 1000

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