Answer in Brief
Find discount in percent when M.P. = Rs 500 and S.P. = Rs 425.
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Solution
\[\text { We know that SP = MP - Discount }\]
\[\text {So, 425 = 500 - Discount }\]
\[\text { Therefore, Discount = Rs }. (500 - 425)\]
\[ = { Rs }. 75\]
\[\text { Discount % = } \frac{\text { Discount }}{MP} \times 100 % \]
\[ = \frac{75}{500} \times 100 % \]
\[ = \text { 15 %}\]
Concept: Concept of Discount
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