The marked price of a mobile phone is ₹59,500. During the great Indian festive sale, it is sold for ₹47,600. Determine the discount percentage.

Given:

Marked price of the mobile phone = ₹59,500

Selling price of the mobile phone = ₹47,600

Formula Used:

Discount Percentage = \(\frac{(Marked Price - Selling Price)}{Marked Price} \times 100\)

Calculation:

Marked Price (MP) = 59,500

Selling Price (SP) = 47,600

Discount = MP - SP = 59,500 - 47,600 = 11,900

Discount Percentage = \(\frac{Discount}{MP} \times 100\)

Discount Percentage = \(\frac{11,900}{59,500} \times 100\)

⇒ Discount Percentage = \(\frac{11,900 \times 100}{59,500}\)

⇒ Discount Percentage = \(\frac{1,190,000}{59,500}\)

⇒ Discount Percentage = 20

The discount percentage is 20%.