A product, whose marked price is Rs 840, is sold for Rs 798 by a wholesome shop. What is the percentage discount given by him?
Answer & explanation
Correct answer: option 2
Marked price = Rs 840
Selling price = Rs 798
Difference = 840 - 798 = 42
Discount = $\frac{difference}{Marked\;price}$ x 100
= $\frac{42}{840}$ x 100
= 5%