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Question 111
A table with marked price 1200 was sold to a customer for 1100. Find the rate of discount allowed on the table.
Solution
Marked price = 1200
Selling price = 1100
=> Discount % = $$\frac{1200-1100}{1200}$$ * 100
= $$\frac{100}{1200}$$ * 100 = $$\frac{25}{3}$$
= 8$$\frac{1}{3}$$%
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