If the ratio of marked price and selling price of an article is 3: 2, then what is the discount percentage?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 33.33 percent.
The ratio of M.P. to S.P. = 3 : 2 = 3x : 2x
Discount = 3x - 2x = x
Discount% = Discount/MP × 100
⇒ x/3x × 100
⇒ 1/3 × 100 = 33.33%