
Shortcut Trick
Quickly calculate the Discount ÷ Marked Price ratio for all options:
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200/1200 = 1/6 ≈ 16.67%
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300/1500 = 1/5 = 20%
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800/2300 = 8/23 ≈ 34.78%
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600/2200 = 3/11 ≈ 27.27%
Comparing the values, 34.78% is the highest.
∴ The correct answer is Selling price = Rs. 1500 and Marked price = Rs. 2300.

Alternate Method
Given: Selling Price (SP) and Marked Price (MP) for four different scenarios.
Formula Used: Discount % = [(MP − SP) ÷ MP] × 100

Calculating discount percentage for each case:
Case (1): MP = 1200, SP = 1000
⇒ Discount % = [(1200 − 1000) ÷ 1200] × 100 = (200 ÷ 1200) × 100 = 16.66%
Case (2): MP = 1500, SP = 1200
⇒ Discount % = [(1500 − 1200) ÷ 1500] × 100 = (300 ÷ 1500) × 100 = 20%
Case (3): MP = 2300, SP = 1500
⇒ Discount % = [(2300 − 1500) ÷ 2300] × 100 = (800 ÷ 2300) × 100 ≈ 34.78%
Case (4): MP = 2200, SP = 1600
⇒ Discount % = [(2200 − 1600) ÷ 2200] × 100 = (600 ÷ 2200) × 100 ≈ 27.27%
By comparison, Case (3) provides the highest discount percentage.
∴ The correct answer is Selling price = Rs. 1500 and Marked price = Rs. 2300.

Additional Information
Successive Discount Formula
For two successive discounts of x% and y%, the single equivalent discount is (x + y − xy/100)%.
Marked Price (List Price)
The price printed on the label of an article is called the Marked Price. Discounts are always computed on this value unless specified otherwise.
Relationship between MP and CP
The ratio of Marked Price to Cost Price is given by MP/CP = (100 + Profit%)/(100 − Discount%).