Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

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?

Options:

6%

5%

3%

4%

Correct Answer:

5%

Explanation:

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%