A product marked Rs. 5,000 is sold at 20% discount. Find the selling price.
Show answer & explanation
Correct answer: B
Explanation
Given:
Marked Price (MP) = ₹5,000
Discount = 20%
Formula:
Selling Price = Marked Price × (1 − Discount/100)
Selling Price = 5,000 × (1 − 20/100)
Selling Price = 5,000 × 0.8
Selling Price = ₹4,000