An item with a marked price of ₹1,940 was sold at a discount of 15%. At what price (in ₹) was the item sold?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. 1649.
Given:
Marked price = Rs 1940
Discount = 15%
SP = MP × (100 - discount)%
Where, SP = selling price and MP = marked price
Using the above formula we get;
⇒ SP = 1940 × (100 - 15)%
⇒ SP = 1940 × 0.85 = 1649