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Amit received a discount of 20 % on an i...

Amit received a discount of 20 % on an item which was sold at Rs. 1600. What was the marked price of the item?

A

Rs. 2000

B

Rs. 1680

C

Rs. 2200

D

Rs. 1280

Text Solution

AI Generated Solution

The correct Answer is:
To find the marked price of the item, we can follow these steps: ### Step 1: Understand the relationship between Selling Price, Marked Price, and Discount The relationship can be expressed as: \[ \text{Selling Price} = \text{Marked Price} - \text{Discount} \] Where: - Selling Price (SP) = Rs. 1600 - Discount = 20% of Marked Price (MP) ### Step 2: Express the Discount in terms of Marked Price Since the discount is 20% of the marked price, we can write: \[ \text{Discount} = \frac{20}{100} \times \text{Marked Price} = 0.2 \times \text{Marked Price} \] ### Step 3: Substitute the Discount into the Selling Price equation Now, substituting the discount in the Selling Price equation, we get: \[ 1600 = \text{Marked Price} - (0.2 \times \text{Marked Price}) \] ### Step 4: Simplify the equation This can be simplified to: \[ 1600 = \text{Marked Price} (1 - 0.2) \] \[ 1600 = \text{Marked Price} \times 0.8 \] ### Step 5: Solve for Marked Price To find the marked price, we can rearrange the equation: \[ \text{Marked Price} = \frac{1600}{0.8} \] Calculating this gives: \[ \text{Marked Price} = 2000 \] ### Conclusion Thus, the marked price of the item is Rs. 2000. ---
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