Question

A Bag with marked price of Rs680 is sold at a discount of 20%. Find it's selling price​

Answer 1

Marked price = Rs 680

Discount = 20%

Selling price = ?

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Selling price:

$\underline{\boxed{\rm Marked\: price -(discount\%\: of \:Marked\:price)}}$

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$\rm\implies Rs \:680 -\bigg(\dfrac{20}{100}\times Rs\:680\bigg)$

$\rm\implies Rs\: 680 - \bigg(\dfrac{2\!\!\!\not{0}}{1\!\!\!\not{0}\!\!\!\not{0}}\times Rs \:68\!\!\!\not{0}\bigg)$

$\rm\implies Rs \:680 - \bigg(2 \times Rs\:68\bigg)$

$\rm\implies Rs \: 544$

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Rs 544 is the selling price of the bag

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Discount: discount refers to the reduction on the original price. To find the discount we can subtract the rate of discount from the original price.

Marked price: it refers to the price at which the product is supposed to sold.

Cost Price: the price of the product at which the producer sold it to sellers. cost price is supposed to be higher than the marked price as marked price also includes the gain.

Selling price: The price at which the product is sold. It could be higher or lower than the cost price which will ended up in gain or loss respectively. Selling price could be lower than the market price if discount is given.