Question 52

The ratio of marketed price to selling price of an article is 12 : 7. What is the discount percentage?

Solution

Marked price (MP), Selling price (SP)

Assume that MP = 1200

                   SP = 700

Discount% = $$ \frac{MP - SP}{MP} \times 100 $$

                = $$ \frac{500}{1200} \times 100 $$

                = 41.67%


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