Rohan bought a mobile phone with a 25% discount on the labeled price. Had he bought it with a 30% discount, he would have earned Rs. 500. At what price did he buy it?
Answer & explanation
Correct answer: option 3
30% - 25% = 5%
(difference in discount)
5% = 500 (given)
Then, 1% = 100
⇒75% = 7500