Profit and loss

Quantitative Aptitude (MTS)

Title

45:30

8 of 24 completed

5 of 15 completed

38 of 100 completed

8 of 20 completed

Indian Economy - Understanding the basics of Indian economic system

The marked price of an article is Rs 750 and a customer pays Rs 600 for it. What is the discount percentage?

- The marked price of the article is Rs 750.

- The customer pays Rs 600 for the article.

- The discount amount is the difference between the marked price and the selling price: Rs 750 - Rs 600 = Rs 150.

- The discount percentage is calculated as (Discount / Marked Price) * 100.

- Discount percentage = (150 / 750) * 100 = 20%.

Option 1: 20%

- Option 2: 30% is incorrect. This would mean a discount of Rs 225, which is too high.

- Option 3: 15% is incorrect. This would mean a discount of Rs 112.50, which is too low.

- Option 4: 10% is incorrect. This would mean a discount of Rs 75, which is incorrect.