Marked price of an article is ₹1500. If $16\frac{2}{3}\%$ discount is given, then what is the selling price?
Answer & explanation
Correct answer: option 3
$16\frac{2}{3}\%$ = \(\frac{1}{6}\) = \(\frac{Discount}{MP}\)
If 6x = 1500
then x = 250
SP = 6x - x = 5x
SP = 5x = 5 × 250 = 1250