An item with a marked price of ₹889 was sold for ₹278. What was the percentage of discount given? (Round off the answer to two decimal places.)
- AOption (a)
67.92%
- BOption (b)
70.88%
- COption (c)
67.57%
- DOption (d)
68.73%
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Correct answer
68.73%
Why this answer is correct
Shortcut Trick
Given Marked Price (MP) = ₹889 and Selling Price (SP) = ₹278.
Discount = MP − SP = 889 − 278 = 611.
Discount% = (Discount ÷ MP) × 100.
Discount% = (611 ÷ 889) × 100 ≈ 68.7289%.
Rounding to two decimal places, we get 68.73%.
∴ The correct answer is 68.73%.
Alternate Method
Given: MP = ₹889, SP = ₹278.
Formulas: Discount = MP − SP | Discount% = (Discount ÷ MP) × 100
⇒ Discount = 889 − 278 = 611
⇒ Discount% = (611 ÷ 889) × 100
⇒ Discount% = 68.7289...
⇒ Final Result = 68.73%
∴ The correct answer is 68.73%.
Additional Information
Marked Price & Discount
Marked Price is the price listed on the label. Discount is always calculated on the Marked Price unless otherwise stated.
Selling Price Calculation
SP = MP × (100 − Discount%) ÷ 100. It is the actual price at which the product is sold after the reduction.