Question : The listed price of a shirt is Rs. 270 and it is available at Rs. 237.60. The rate of discount is:
Option 1: 10%
Option 2: 12%
Option 3: 15%
Option 4: 20%
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Correct Answer: 12%
Solution :
Given: The marked price is Rs.270 and the selling price is Rs.237.60.
Discount % = $\frac{\text{Marked price – Selling price}}{\text{Marked price}} × 100$
= $\frac{{270 – 237.6}}{{270}} × 100$
= $\frac{32.4}{270} × 100$
Discount % = 12
Hence, the correct answer is 12%.
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