On account of Diwali, Maha Electronics(ME) is offering a bumper sale on all latest electronic items, which will be offered for less than the maximum retail price set by the manufacturer. Did Pihu get discount of 50% or more on the retail price if she bought brand X smart phone at the time of this sale?
(1) $300 less than ME's retail price was the sale price for brand X smart phone.
(2) 40%, after rounding to the closest percent, of the maximum retail price of $1500 is the retail price for brand X smart phone at ME
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Hello, please could someone or Bunuel clarify?

this is how I understood it:

(SP) Sale Price, (RP) Retail Price

(1) RP - 300 = SP
Insufficient

(2) 0.40 x 1500= RP
Insufficient

(1)+(2)

0.40 x 1500 = RP --> RP=600

RP - 300 = SP --> 600-300 = SP --> SP= 300

--> SP/RP = 300 / 600 = 0.50 = 50% SUFF, hence option C