Question : A shopkeeper gives a discount of 15% on the marked price. If the selling price is INR 19,040, then the discount on it will be:
Option 1: INR 3,360
Option 2: INR 3,850
Option 3: INR 3,260
Option 4: INR 3,600
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Correct Answer: INR 3,360
Solution :
Given, Selling Price = INR 19,040
Discount = 15%
We know, Selling price = $\frac{100-\text{Discount}\%}{100}×$ Marked price
$⇒19040=\frac{100-15}{100}×$ Marked price
$⇒$ Marked price $= \frac{19040×100}{85}$
$⇒$ Marked price $= 22400$
Discount = Marked price – Selling price = INR 22400 – INR 19040 = INR 3,360
Hence, the correct answer is INR 3,360.
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