Correct Answer - Option 1 : 8%
Given:
Listed Price or Marked Price (MP) of the fan = Rs.1500
Discount on the MP = 20%
Final SP = Rs.1104
Formula Used:
When a discount of x% is given on an article, we obtain:
SP = [(100 – x)/100] × MP
Calculation:
Let the additional discount required be a%
The initially obtained SP is:
= [(100 – 20)/100] × 1500 = Rs.1200
The final SP becomes:
1104 = [(100 – x)/100] × 1200
⇒ 1104 = 1200 – 12x
⇒ x = 96/12 = 8
∴ The additional discount is 8%