In General store, an item with an MRP of ₹35,600 is on the discount counter with a special price of ₹34,888. What is the percentage of discount given for that item?
Answer & explanation
Correct answer: option 4
MRP = ₹35,600
SP = 34888
Discount = 35600 - 34888 = Rs. 712
Required discount percentage = \(\frac{712}{35600}\)× 100 = 2%