Question : The marked price on a fancy item is INR 250 but there is an 18% discount during festival season. The price of the fancy item after the discount is:
Option 1: INR 204
Option 2: INR 205
Option 3: INR 202
Option 4: INR 208
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Correct Answer: INR 205
Solution :
Given: Marked price = INR 250
Discount % = 18%
So, $18 = \frac{\text{Discount}}{250}\times 100$
⇒ $\text{Discount} = \frac{18\times250}{100}=45$
Selling price = marked price – discount = 250 – 45 = 205
Hence, the correct answer is INR 205.
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