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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