2/5 of marked price is equal to 5/8 of selling price. What is the discount percent?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 36%.
(2/5)MP = (5/8)SP
⇒ MP/SP = (5/8)/(2/5) = 25/16
Discount = 25 - 16 = 9
Discount percentage = (9/25) × 100 = 36%