A machine is marked at rupees 5,000 and is sold at a discount of 10%. Find the selling price of the machine
Answers
answer SP= 100 - discount% / 100 * CP
SP = 100- 10/ 100 *5000
= 90/100 * 5000
= 4500
The SP of the machine is ₹4500
Step-by-step explanation:
It is give that
Market price of the machine = rs 5000
Rate of discount = 10 %
So the amount of discount
= 5000 × 10 / 100
= 50 × 10
= 500
Selling price = market price - discount
Substituting the value
= 5000 - 500
= rs 4500
So the Selling price of machine is Rs 4500
Some Important Definition and Formula
Simple Interest : The simple Interest can be defined as the principal amount of loan or deposit a person make into their bank account
Compound Interest : The Compound interests is simply the interest that accumulates and compound over Principal amount
Simple Interest Formula
SI = Principal × Rate × Time / 100
Compound Interest Formula
CI = A = P ( 1 + r/n ) ^ nt