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If a dining table with marked price Rs. 6,000 was sold to a customer for Rs. 5,520, then the rate of discount allowed on the marked price of the table is:1. 5%2. 7%3. 8%4. 6% |
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Answer» Correct Answer - Option 3 : 8% Given: Marked price of table(MP) = Rs. 6000 Selling price of table(SP) = Rs. 5520 Formula used: Discount = Marked Price – Selling Price Discount% = (MP – SP)/MP × 100 Calculation: Discount = 6000 – 5520 = 480 Discount% = 480/6000 × 100 ⇒ 8% ∴ The rate of discount allowed on the marked price of the table is 8% |
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