Question 65

An article marked at Rs.80 is sold for Rs.68. What is the rate of discount?

Solution

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MP = Rs.80

SP = Rs.68

Discount = MP - SP =80 -68 =Rs.12

rate of discount = $$\frac{discount}{MP}\times100$$

                         = $$\frac{12}{80}\times100$$

                         =15%

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