1.

An article costing Rs. 110 was sold for Rs. 104.5. How much discount was offered?1. 4%2. 5%3. 6%4. 7%

Answer» Correct Answer - Option 2 : 5%

Given:

Marked price (MP) of the article is Rs.110

Article is sold for Rs.104.5

Formula Used:

Discount % = 100 × (MP – SP)/MP

Calculation:

Marked price of the article (MP) = 110

Selling Price (SP) = 104.5

∴ Discount % = 100 × (110 – 104.5)/110 = 100 × 5.5/110 = 5% 



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