An item with a marked price of ₹657 was sold for ₹526. What was the percentage of discount given? (Round off the answer to two decimal places.)
- AOption (a)
19.94%
- BOption (b)
17.13%
- COption (c)
17.29%
- DOption (d)
23.93%
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Correct answer
19.94%
Why this answer is correct
Shortcut Trick
Discount = Marked Price − Selling Price
Discount = 657 − 526 = 131
Discount% = (Discount ÷ MP) × 100
Discount% = (131 ÷ 657) × 100 = 19.9391...
Rounding off to two decimal places, we get 19.94%.
∴ The correct answer is 19.94%.
Alternate Method
Given → Marked Price (MP) = ₹657, Selling Price (SP) = ₹526.
Formulas: Discount = MP − SP | Discount% = (Discount ÷ MP) × 100
→ Discount = 657 − 526 = 131
→ Discount% = (131 ÷ 657) × 100
→ Discount% = 13100 ÷ 657
→ Discount% ≈ 19.939%
→ Rounded Discount% = 19.94%
∴ The correct answer is 19.94%.
Additional Information
Marked Price and Discount
The Marked Price is the price printed on the label. Discount is always calculated on the Marked Price unless stated otherwise. Discount% = (MP − SP)/MP × 100.
Selling Price Calculation
Selling Price can also be calculated if discount percentage is known: SP = MP × (100 − Discount%)/100.