Etika purchased a set of wallpapers for 700 and the marked price of a set was 850. The approximate rate of discount was:
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 17.64%.
Etika purchased a set of wallpapers = 700
The marked price of a set = Rs 850
Discount% = (Marked price - cost price)/Marked price × 100
Discount% = (850 - 700)/850 × 100
= 150/850 × 100
= 17.64%