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An umbrella marked at Rs. 80 is sold for Rs. 68. The following rate of discount is:

A. 15%

B. 17%

C. 18.5%

D. 20%

Answer: Option A

Solution(By Examveda Team)

$$\eqalign{ & {\text{Rate of discount}} \cr & = \left( {\frac{{12}}{{80}} \times 100} \right)\% \cr & = 15\% \cr} $$

This Question Belongs to Arithmetic Ability >> Profit And Loss

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