If the marked price of an item is ₹1,500 and the selling price is ₹1,200, what is the percentage discount?
Show answer & explanation
Correct answer: B
Explanation
Marked Price (MP) = ₹1500
Selling Price (SP) = ₹1200
Discount = 1500 - 1200= ₹300
Discount Percentage = (300/1500) × 100= 20%