Ram bought a chair at 35% discount on its market price, Had Ram got no discount, he would have had to pay ₹245 more. How much did Ram pay for the chair?

Explanation

Given: Ram bought a chair at a 35% discount on its market price. Had Ram got no discount, he would have had to pay ₹245 more. Concept used: Selling price = Marked Price - Marked Price × Discount% Selling price = Marked price - Discount Calculation: Let the market price of the chair be M. Discount = M × 35% = 0.35M According to the question, 0.35M = 245 ⇒ M = 245/0.35 ⇒ M = 700 Now, Ram paid for the chair = 700 - 245 ⇒ Rs. 455 ∴ Ram paid Rs. 455 for the chair.