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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.

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  1. 18%
  2. 21%
  3. 20%
  4. 16%

Answer (Detailed Solution Below)

Option 3 : 20%
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Detailed Solution

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Given:

Marked price of the mobile phone = ₹59,500

Selling price of the mobile phone = ₹47,600

Formula Used:

Discount Percentage = 

Calculation:

Marked Price (MP) = 59,500

Selling Price (SP) = 47,600

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

Discount Percentage = 

Discount Percentage = 

⇒ Discount Percentage = 

⇒ Discount Percentage = 

⇒ Discount Percentage = 20

The discount percentage is 20%.

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