A housewife saved ₹ 2.50 in buying an item on sale. If she spent ₹ 25 for the item, approximately how much percent she saved in the transaction?
Aptitude
Percentage
Difficulty: Medium
Choose an option
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A8%
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B9%
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C10%
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D11%
Answer
Correct Answer: 9%
Explanation
### Concept & Formula
To find the percentage saved, we must compare the amount saved to the **original price** of the item, not the final amount spent.
$$ \text{Percentage Saved} = \left( \frac{\text{Amount Saved}}{\text{Original Price}} \right) \times 100 $$
### Step-by-Step Solution
* **Given:**
Amount spent (Final Price) = ₹ 25
Amount saved = ₹ 2.50
* **Calculation:**
First, determine the original price of the item before the savings were applied.
Original Price = Amount Spent + Amount Saved
Original Price = 25 + 2.50 = ₹ 27.50
Now, calculate the percentage saved using the formula:
Percentage Saved = $ \left( \frac{2.50}{27.50} \right) \times 100 $
Percentage Saved = $ \left( \frac{25}{275} \right) \times 100 $
Percentage Saved = $ \left( \frac{1}{11} \right) \times 100 $
Percentage Saved = $ 9.09\% $
* **Approximation:**
The value 9.09% is approximately 9%.
### Exam Strategy & Shortcut
Familiarize yourself with standard fraction-to-percentage conversions. When you simplify $ \frac{25}{275} $, it quickly reduces to $ \frac{1}{11} $. If you have memorized that $ \frac{1}{11} = 9.09\% $, you can bypass the multiplication and division steps entirely, saving valuable seconds.
### Common Pitfall
The most frequent mistake is calculating the percentage against the amount *spent* rather than the original price. Calculating $ \left(\frac{2.50}{25}\right) \times 100 $ yields 10%, which is an incorrect option purposely provided as a trap. Always use the original base value for profit, loss, or savings percentages.
### Final Answer
**Therefore, the correct answer is 9%.**