A mixer marked at Rs. 2,300 is sold for Rs. 2,024. What is the percentage of discount?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 12%.
Given that
Marked Price (M.P.) = Rs. 2,300
Selling Price (S.P.) = Rs. 2,024
Formula used
Discount% = [(M.P - S.P.)/M.P.] × 100
Calculation
Discount % = [(2300 - 2024)/2300] × 100 = 12%