Question : The marked price of a microwave oven is INR 15,990 and it is sold for INR 12,792. what is the rate of discount offered?
Option 1: 25%
Option 2: 20%
Option 3: 21%
Option 4: 24%
Answer (1)
6th Jan, 2024
Correct Answer: 20%
Solution :
Discount % = $\frac{\text{MP – SP}}{\text{MP}}\times 100$, where MP is the marked price and SP is the selling price.
MP – SP = 15990 – 12792 = INR 3198
Discount % = $\frac{3198}{15990}\times 100 = 20\%$
Hence, the correct answer is 20%.
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