An article is marked at Rs. 1,500 and sold for Rs. 1,200. Find the percentage discount.

Correct option is A

Given:

Marked Price (MP) = Rs. 1,500

Selling Price (SP) = Rs. 1,200

Find the percentage discount.

Formula Used:

Percentage Discount = $$\frac{\text{MP – SP}}{\text{MP}} \times 100$$​​

Solution:

Discount = 1500 – 1200 = 300

Discount% =  $$\frac{300}{1500} \times 100$$​ = 20%