Question

A store man offers a discount of 30% on his items, If Marked price of an item is Rs. 400. Find the Selling price of an item?
1. 400
2. 280
3. 450
4. 600
5. 550

Answer 1

Correct Answer - Option 2 : 280

Given∶

Discount = 30%

Marked price = Rs. 400

Formula used∶

selling price = MP - discount

Calculations∶

MP = Rs. 400

Then selling price = MP - discount % of MP

⇒ 400 - 30%of 400

⇒ SP = 70% of MP

⇒ SP = 70% × 400

⇒ SP = Rs. 280