A product is sold for ₹1,680 after a discount of 16% is given on its marked price. What would be the selling price if the discount was 25?
Show answer & explanation
Correct answer: A
Explanation
Given:
Selling price after 16% discount = 1680
Formula:
SP = MP × (100 − discount%)/100
1680 = MP × 84/100
MP = 1680 × 100/84 = 2000
New SP at 25% discount
SP = 2000 × 75/100 = ₹1500