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15% or Rs. 690 discount is offered on the marked price of a bicycle. Find the discount amount if same percentage discount is offered on selling price of the bicycle.
1. Rs. 500
2. Rs. 620
3. Rs. 560
4. Rs. 600

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Correct Answer - Option 4 : Rs. 600

GIVEN:

15% or Rs. 690 discount is offered on the marked price of a bicycle.

CONCEPT:
Basic concept of discount.

FORMULA USED:

Discount = MP – SP

CALCULATION:

Marked price of bicycle = 690/0.15 = Rs. 4600

Now, same percentage discount is offered on selling price of the bicycle.

So,

Selling price of bicycle = 4600/1.15 = Rs. 4000

∴ Discount amount = MP – SP = 4600 – 4000 = Rs. 600

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