The marked price of an article is Rs 11800 and its selling price is Rs 7788. What is the discount percentage on the item?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is Option 2 i.e. 34%.
Discount = M.P. - S.P.
M.P. = Marked piece, and S.P. = Selling Price
Discount = 11800 - 7788 = Rs. 4012
Discount% = Discount/Marked Price × 100
⇒ 4012/11800 × 100
⇒ 34%