Question

A handbag is marked $280 and sold to the customer for $252. Find the rate of discount on the handbag.

Answer 1

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Answer 2

Given:

• Marked price of the bag = $280
• Selling price of the bag = $252

To find:

• Rate of discount on bag

Solution:

• We know that,
• Rate of discount = {(Marked price - Selling Price) / Marked price} * 100
• Marked price and selling price are given. Substituting them in above formula,
• Rate of discount = { (280-252) / 280 } *100

                                    ={28/280]*100

• Hence the Rate of discount = 10%.

Answer:

Rate of discount on the handbag is 10%.