On a machine, there is a 12% trade discount on the marked price of ₹2,56,000, but the machine is sold for ₹2,05,000 after giving a cash discount. How much is this cash discount (in %)? (Rounded to the nearest whole number)
Show answer & explanation
Correct answer: C
Explanation
The correct answer is Option 3 i.e. 9%.
Price after trade discount = 256000 - 12% of 256000
⇒ 256000 - 30720 = ₹225280
Sold for = ₹205000
Cash discount = 225280 - 205000 = ₹20280
Cash discount% = × 100 = 9%