Answer:
Given,
Paid Price=#15,600
Discount% = 7%
Marked price=?
By formula:
Marked Price = paid Price / 1 - Discount
= #15,600 / 1 - 0.07
= #15,600/ 0.93
= #16,774.19
Therefore, Marked Price ≈ #16,774.19
Step-by-step explanation:
According to the question, the man paid #15600 with 7% discount so we can use that as a given data then we can use the formula Marked Price= Paid Price/(1 - Discount) to find the Marked price. so now using the formula we put the value of given Paid Price i.e #15,600 and then we minus 7% which is written in decimal form, 0.07 for convenience. After subtracting 0.07 from 1 we get 0.93. And then we simply divide #15,600 by 0.93 and as a result we get 16,774.19 approximately. So, the marked price is not exactly but approximately #16,774.19. This is the correct solution and answer to the Question above.
