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An article costing Rs. 110 was sold for Rs. 104.5. How much discount was offered?1. 4%2. 5%3. 6%4. 7% |
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Answer» Correct Answer - Option 2 : 5% Given: Marked price (MP) of the article is Rs.110 Article is sold for Rs.104.5 Formula Used: Discount % = 100 × (MP – SP)/MP Calculation: Marked price of the article (MP) = 110 Selling Price (SP) = 104.5 ∴ Discount % = 100 × (110 – 104.5)/110 = 100 × 5.5/110 = 5% |
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