The marked price of a mobile phone is ₹59,500. During the great Indian festive sale, it is sold for ₹47,600. Determine the discount percentage.

Correct option is C

Given:

Marked Price (MP) = ₹59,500

Selling Price (SP) = ₹47,600

Formula Used:

Discount = MP − SP

Discount % = $$\frac{\text{Discount}}{\text{MP}} \times 100$$​​

Solution:

Discount = 59500 - 47600 = 11900

Discount % = $$\frac{11900}{59500} \times 100 = 20\%$$​​