marked price , discount and selling price
Find the Marked price.if selling price is=120 and discount =25%
ans:
step 1: convert the discount into fractions= 25/100=1/4
step 2:
MP - discount = SP
4 - 1 = 3 (this is by the ratio that you got on step1)
(main logic behind is convert any problem into a fraction to solve it quickly. ie scale it down )
now observer the ratio between actual SP and ratio SP(step 2)
120/3 =40 hence this ratio holds good for all other varying terms
therefore multiply 40 with 1( ratio profit) =40
multiply 40 with 4(ratio SP ) =4*40=160
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