Question : The marked price of a sunglass is INR 1,350. It is sold at INR 1,188 after allowing a certain discount. Find the rate of discount.
Option 1: 14%
Option 2: 12%
Option 3: 16%
Option 4: 10%
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Correct Answer: 12%
Solution :
Marked price = INR 1,350
Selling price = INR 1,188
Discount = 1350 – 1188 = INR 162
Rate of discount = $\frac{162}{1350}×100$ = 12%
Hence, the correct answer is 12%.
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