Question
Download Solution PDFThe 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.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
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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