A fan is listed at Rs. 1500 and a discount of 20% is offered on the list price.What additional discount must be offered to the customer to bring the net price to Rs.1104.
A
8%
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B
10%
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C
12%
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D
15%
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Solution
The correct option is A8% M.P. =Rs.1500, Discount =20% ∴ S.P. =80% of Rs.1500=80100×1500=Rs.1200 Final S.P. =Rs.1104 ∴ Additional discount =Rs.1200–Rs.1104=Rs.96 ∴ Additional discount rate =961200×100=8%