An almirah is sold at ` 5,225 after allowing a discount of 5%. Find its marked price.
Question
An almirah is sold at ` 5,225 after allowing a discount of 5%. Find its marked price.
Solution
To find the marked price of the almirah, we need to reverse calculate from the selling price and the discount percentage.
Step 1: Calculate the discount amount. Discount = Selling Price * (Discount Percentage / 100) Discount = 5,225 * (5 / 100) Discount = 261.25
Step 2: Calculate the marked price. Marked Price = Selling Price + Discount Marked Price = 5,225 + 261.25 Marked Price = 5,486.25
Therefore, the marked price of the almirah is ` 5,486.25.
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