An item with a marked price of ₹3,800 was sold for ₹3,496, after a discount of y% was offered. What was the value of y?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 8%.
M.P. = Rs.3800
S.P. = Rs.3496
Discount = y%
Now,
⇒ y% of 3800 = 3496
⇒ y/100 × 3800 = 3496
⇒ y = 92%
Discount = 100 - 92 = 8%