Answer:
1300
Step-by-step explanation:
You want the marked price of a suit if a profit of 15% is made after an 8% discount from the marked price, and that profit is 156.
Profit
For a suit with a marked price of p, the selling price is ...
s = p × (1 - 0.08) = 0.92p
For a suit with a selling price of s, the cost price c is ...
s = 1.15 × c
and the profit is ...
s -c = (1.15c) -c = 0.15c = 156
Price
Working backward through these relations, we can find the marked price.
c = 156/0.15 = 1040
s = 1.15c = 1196
p = s/0.92 = 1300
The marked price of a suit is 1300.
