An item has a fixed Selling Price of ₹500. Which of the following Marked Prices yields the minimum non-negative Discount Percentage, assuming the standard constraint is strictly enforced?
C
Step-by-Step Solution
Key idea: The constraint ensures that the Discount Percentage is non-negative.
Step 1: Recall the formula for Discount Percentage: .
Step 2: To minimize the non-negative discount, we need to be as small as possible, which means should be as close to as possible.
Step 3: Given the constraint , the minimum valid value for is exactly , i.e., .
Step 4: If , then .
Answer: ₹500