Market Price is the price which on which some discount is given and then the item is sold at a price which is the selling price. Let d% discount is given and it is sold at price P after the discount. So we need to find the market price.
Let the market price be M.
d% of M = [tex] \frac{d}{100} \times M= 0.01Md[/tex]
So P = M - 0.01Md
⇒ P = M(1-0.01d)
⇒ M = [tex] \frac{P}{1-0.01d} [/tex]
So market price is [tex] \frac{P}{1-0.01d} [/tex]
