Question
Download Solution PDFIn a store, an item with an MRP of Rs. 28,500 is available at a discounted price of Rs. 27,645. What is the percentage of discount given on that item?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven
Marked Price (MRP) = Rs. 28,500
Discounted Price = Rs. 27,645
Concept:
Discount = ((MRP - Discounted Price)/MRP) × 100
Calculation:
Discount = MRP - Discounted Price
Rs. 28,500 - Rs. 27,645 = Rs. 855
Discount percentage = (Discount/MRP) × 100
(855/28500) × 100 = 3%
Therefore, the discount given on the item is 3%.
Last updated on Jul 8, 2025
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