Question 60

A product, whose MRP is $$₹$$ 978, is sold for $$₹$$ 925 by a wholesale shop owner. What is the percentage of discount given by him?

Solution

Given,

MRP of the product = $$₹$$ 978

Selling Price of the product = $$₹$$ 925

Discount = 978 - 925 = $$₹$$ 53

Discount% = $$\frac{\text{Discount}}{\text{MRP}}\times100$$

$$=\frac{53}{978}\times100$$

$$=0.054\times100$$

$$=5.4$$%

Hence, the correct answer is Option C

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