Manju sold a scooty with a tagged price of ₹1,25,000. After applying a trade concession, the final transaction value became ₹70,000. Calculate the percentage discount given on the marked price.
Show answer & explanation
Correct answer: B
Explanation
Given:
Marked Price = ₹1,25,000
Selling Price = ₹70,000
According to the formula:
Discount % = (Discount / Marked Price) × 100
Discount = 1,25,000 − 70,000 = 55,000
Discount % = (55,000 / 1,25,000) × 100 = 44%