A shopkeeper offers a 20% discount on an item with a marked price of ₹500.
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A shopkeeper offers a 20% discount on an item with a marked price of ₹500. What is the selling price of the item?
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Answer: D. ₹400
Discount = 20% of 500 = 100. Selling price = 500 - 100 = ₹400.
Step-by-step Derivation:
Step 1: Discount amount = 500 * 0.20 = 100.
Step 2: Selling Price = Marked Price - Discount = 500 - 100 = 400.