Subroto sold an article for ₹ 528 after allowing a discount of 12% on its marked price. What was the marked price of the article?
Aptitude
Profit and Loss
Difficulty: Easy
Choose an option
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A₹ 600
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B₹ 700
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C₹ 650
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D₹ 590
Answer
Correct Answer: ₹ 600
Explanation
### Concept & Formula
The Selling Price (SP) is calculated by subtracting the discount from the Marked Price (MP). The discount is always calculated as a percentage of the Marked Price.
$$SP = MP \times \left(1 - \frac{\text{Discount}\%}{100}\right)$$
### Step-by-Step Solution
1. Let the Marked Price (MP) of the article be $x$.
2. Discount allowed = $12\%$.
3. Selling Price (SP) after the discount is ₹ 528.
4. Set up the equation:
$$x \times (100\% - 12\%) = 528$$
$$x \times 88\% = 528$$
$$0.88x = 528$$
5. Solve for $x$:
$$x = \frac{528}{0.88}$$
Multiply the numerator and the denominator by 100 to remove the decimal:
$$x = \frac{52800}{88}$$
$$x = 600$$
### Exam Strategy & Shortcut
If $12\%$ is the discount, the customer pays $88\%$ of the marked price.
$88\% \equiv 528$
Divide by 88 to find $1\%$:
$1\% \equiv 6$
Multiply by 100 to find $100\%$ (the Marked Price):
$100\% \equiv 600$.
### Common Pitfall
A common pitfall is calculating $12\%$ of the selling price (528) and adding it back, which mathematically yields the wrong base value. Discount is strictly applied on the Marked Price.
### Final Answer
Therefore, the correct answer is **₹ 600**.