A store advertises, “Buy items worth Rs. 3000, get Rs. 500 off instantly.” What is the effective discount percentage?
Show answer & explanation
Correct answer: A
Explanation
Total Price = ₹3000
Discount = ₹500
Discount % = (Discount / Original Price) × 100
Discount % = (500 / 3000) × 100 = 16.67%