Which of the following will have the highest discount percentage?
Show answer & explanation
Correct answer: C
Explanation
Discount percentage = (MP - SP)/MP × 100
Option (1):
= (1200 - 1000)/1200 × 100 = 16.67%
Option (2):
= (1500 - 1200)/1500 × 100 = 20%
Option (3):
= (2300 - 1500)/2300 × 100 = 34.78%
Option (4):
= (2200 - 1600)/2200 × 100 = 27.27%
Highest discount = 34.78%