A product marked at Rs. 1,500 is sold for Rs. 1,200. Find the discount percentage.
Show answer & explanation
Correct answer: C
Explanation
Given:
Marked Price = ₹1500
Selling Price = ₹1200
Formula:
Discount % = (Discount / Marked Price) × 100
Discount = 1500 − 1200 = 300
Discount % = (300 / 1500) × 100 = 20%