The marked price refers to the original price of a product or service as indicated by the seller. It is the price that is prominently displayed or "marked" on the product itself or on a price tag. The marked price may be subject to discounts or negotiations, leading to the final selling price.
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The phrase 'marked price' simply means the cost you would pay at the checkout. When a shop needs to get rid of stock quickly, it will often sell products labelled '10% off marked price' - in which case, the checkout will deduct 10% off the regular price of the item, before totalling the amount you need to pay. For example - say a dress was marked at 25.00 - and had a label 10% off marked price'... at the checkout, the till would deduct 10%, and you would only pay 22.50 !
Suppose percent discount is D. Then Marked Price = Sale Price/(1-D/100)
Marked price is the one shown on the label, or price tag attached to the product or displayed on the shelf. The selling price will include any discount or special offer. In most countries local and national taxes are included in both.
18K Gold: 18K Gold is 18/24ths, or three-quarters pure gold. Jewelry of this fineness is marked "18k" or "750," meaning 75 percent gold."
23.8 = 85/100 of normal price, which is therefore 23.8/85 times 100 = 28.00
$1950