The marked price of an article

Question:

The marked price of an article is Rs 80 and it is sold at Rs 76, then the discount rate is:

(a) 5%

(b) 95%

(c) 10%

(d) appx. 11%

Solution:

(a) 5%

Explanation: Marked price = Rs. 80

Sold price = Rs.76

We know that,

Selling price = Marked price – Discount

Discount = Marked price – Selling price

Discount = Rs.80-Rs.76 = Rs.4

Discount % = 4/80 x 100 = 5%

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