a cycle is marked at rupees 4500 and sold for rupees 4185 padma said that the discount percentage is 7 percentage do you agree ? give reason
Answers
Step-by-step explanation:
Discount = 315
so percentage = 315×100/4500
= 7%
yes i am agree %
Answer:
Yes I agree with Padma.Discount amount is 7%.
Step-by-step explanation:
Given,a cycle is marked at rupees 4500 and sold for rupees 4185
So, cost price of the cycle is 4500 rupees and selling price is 4185.
We know cost price means 100%
So, 4500 rupees is equal to 100%
By Unitary method 1 rupee means
and 4185 rupees means
So, it is clear that discount percentage is (100-93)% = 7%.
Therefore, Padma said true.
This is a problem of profit and loss.
Some important concept of profit and loss,
Profit = Selling price - Cost price
Loss = Cost price - Selling price
Know more about Profit and loss-
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