Question : Etika purchased a set of wallpapers for INR 700 and the marked price of a set was INR 850. The approximate rate of discount was:
Option 1: 25.34%
Option 2: 12.65%
Option 3: 22.5%
Option 4: 17.64%
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Correct Answer: 17.64%
Solution :
Selling price = INR 700 and the marked price = INR 850
Discount = 850 – 700 = 150
$\therefore$ Rate of discount = $\frac{150}{850}\times 100 = 17.64\%$
Hence, the correct answer is 17.64%.
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