In a store, an item with an MRP of Rs.28,500 is available at a discounted price of Rs.27,645. What is the percentage of discount given on that item?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 3%.
The initial price of the item = Rs.28500
Price after discount = Rs.27645
Discount = Rs.(28500 - 27645) = Rs.855
Discount% = (Discount given)/(initial price of the item) × 100
Discount% = 855/28500 × 100 = 855/285 = 3%