Raghu buys a chair for ₹3000. He wants to sell it at a profit of ₹500 after making a discount of ₹300. What is the marked price of the chair?
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Solution

CP = ₹3000
Profit = ₹500
Discount = ₹300
SP = MP - Discount = MP - ₹300
\([1]\)
Profit = SP - CP
\([1]\)
500 = MP - 300 - 3000
MP = 500 + 300 + 3000 = ₹3800
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