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Question
The marked price of an article is Rs 80 and it is sold at Rs 76, then the discount rate is ______.
Options
5%
95%
10%
appx. 11%
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Solution
The marked price of an article is Rs 80 and it is sold at Rs 76, then the discount rate is 5%.
Explanation:
The marked price of an article = Rs. 80
Sold price of the article = 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 xx 100 = 40/8 = 5%`
Hence, 5%
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