A shopkeeper gives a discount of 15% on the marked price of an article. If the selling price is ₹8,500, then the discount on it will be ________.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. ₹1,500.
Discount = (Discount Percentage × Marked Price) / 100
Selling Price = Marked Price - Discount
Let the Marked Price be M.
Selling Price = Marked Price - Discount
₹8,500 = M - (15% of M)
⇒ ₹8,500 = M - (0.15 × M)
⇒ ₹8,500 = M(1 - 0.15)
⇒ ₹8,500 = M × 0.85
⇒ M = ₹8,500 / 0.85
⇒ M = ₹10,000
Now, Discount = 15% of M
⇒ Discount = 0.15 × ₹10,000
⇒ Discount = ₹1,500