1.

Mr. Z deals in steel utensils.If he allows a discount of 16%, he would suffered a loss of Rs. 5000 than if he allows a discount of 8%. Find the market price.1. Rs. 42,5002. Rs. 53,5003. Rs. 62,5004. Rs. 16,250

Answer» Correct Answer - Option 3 : Rs. 62,500

Given:

Loss : Rs. 5000

Calculation:

Let the market price is Rs. x

⇒ 16% of x = 8% of x + 5000

⇒ 8x/100 = 5000

⇒ x = Rs. 62,500

 Market price is Rs. 62,500



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