In a store, an item with an MRP of Rs.28,500 is available at a discounted price of Rs.27,645. What is the percentage of discount given on that item?

Correct option is C

Given:
MRP of item = Rs. 28,500
Discounted Price = Rs. 27,645
Formula Used:
Discount = MRP – Selling Price
​$$\text{Percentage of Discount} = \left(\frac{\text{Discount}}{\text{MRP}}\right) \times 100$$​​
Solution:
Discount = 28,500 – 27,645 = 855
Percentage of Discount =$$\left(\frac{855}{28500}\right) \times 100 = \frac{85500}{28500} = 3\%$$​​