The marked price of an article is Rs. 9900. If a discount of 25 percent is given, then what is the selling price of the article?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is Option 1 i.e. Rs. 7425.
M.P. = Rs.9900
Discount = 25%
Discount = [(M.P. - S.P.)/M.P.] × 100
⇒ 25 = [(9900 - S.P.)/9900] × 100
⇒ 25 = (9900 - S.P.)/99
⇒ 2475 = 9900 - S.P.
⇒ S.P. = 9900 - 2475
⇒ S.P. = Rs. 7425