Question

A dining table is sold for Rs 16000 and the rate of the discount is 20 % find the market price and the amount of discount

Answer 1

Let the Market value of the dinning table be Rs. X

Discounted value=20/100 x X

Total price=Market value - Discounted price
16000=X - 20/100X
=100X - 20X/100
=80X/100
16000x100/80=X

20000=X

Therefore, Market Value=Rs.20000

Amount of discount=20/100x20000
=Rs.4000

Therefore the Market Value is Rs.20000 and amount of discount is Rs. 4000