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  1. A shopkeeper allows a rebate of 12% on the marked price of an article such that the selling price is $ 440. Then the marked price of the article is
    1. $ 490
    2. $ 500
    3. $ 600
    4. $ 550
Correct Option: B

Suppose Marked price of article = $ y
Selling price = $ 440
∴ y × (100 – 12)% = 440
⇒ y × 88% = 440

⇒ y ×
88
= 440
100

⇒ y =
440 × 100
= $ 500
88



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