Marked price of an article is Rs. 28500 and its selling price is Rs. 15675. What is the discount percentage?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. 45 percent.
Marked Price (MP) = Rs. 28,500
Selling Price (SP) = Rs. 15,675
Discount = Marked Price − Selling Price = 28,500 − 15,675 = 12,825
Discount Percentage = (Marked Price − Selling Price)/Marked Price × 100
Discount Percentage = (12,825)/28,500 × 100
Discount Percentage = 0.45 × 100 = 45%