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If an item marked at Rs 480 is being sold at Rs 400, then what is the effective discount on the item?
Given
M.P.= 480/-
S.P.= 400/-
Discount = 80/-
Effective discount=$$\frac{discount}{M.P}\times100$$
Therefore,
$$\frac{80}{480}\times100$$
=16.67
Hence option B is right answer.
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