An item is listed for ₹450 with 15% trade discount. Find the amount of trade discount.
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e ₹67.50.
List price = ₹450
Trade discount = 15%
To find the trade discount:
Trade discount = (15 / 100) × 450 = ₹67.50