2. The marked price of an gift item is 176 and sold it for 165. Find the discount percentage.
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Answer:
Marked Price=176, Selling Price =165
Discount=M.PM.P−S.P
176176−165=0.0625 or 6.25%
∴ discount percent is 6.25%
Step-by-step explanation:
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★ SOLUTION
Given that : —
Marked price (Cost price) = ₹176
Selling Price = ₹165
Since, CP > SP
Therefore, there is loss.
Loss = CP – SP
= 176 – 165
= ₹ 11
This loss of ₹11 is the discount to the buyer.
So ,
Discount = ₹ 11
Now, we have to find discount %
[ Formula for calculating discount % ↓]
Now , substituting the values we get,
Hence, Discount % = 6.25 %
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