A toy car costs Rs. 1800. Its price is reduced to Rs. 1500 in the sale. By what percentage was the price reduced?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is Option 4 i.e. 50/3%.
The cost price of toy car = Rs.1800
Its price is reduced to Rs. 1500
Difference in price = 1800 - 1500 = 300
Required percentage = 300/1800 × 100 = 300/18 = 150/9 = 50/3%