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Question:
The price of a sweater was slashed from Rs 960 to Rs 816 by a shopkeeper in the winter season. Find the rate of discount given by him.
Solution:
Marked Price = Rs 960
Selling Price = Rs 816
Discount = MP − SP
Rate of discount $=144 \times \frac{100}{960}=15 \%$
Therefore, the discount on the sweater is 15%.
= Rs (960 − 816)
= Rs 144