Question : If the shopkeeper sells an item at Rs. 4,400 that is marked at Rs. 5,000, then what is the discount that he is offering?
Option 1: 20%
Option 2: 12%
Option 3: 15%
Option 4: 10%
Correct Answer: 12%
Solution :
Given: The shopkeeper sells an item at Rs. 4,400 that is marked at Rs. 5000.
Marked price (MP) = Rs. 5000
Selling price (SP) = Rs. 4400
We know,
Discount percentage = $\frac{\text{MP – SP}}{\text{MP}}×100$
= $\frac{5000 – 4400}{5000}×100$ = 12%
Hence, the correct answer is 12%.
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