Question

A shirt with marked price Rs
1,200 was sold at Rs 960. What is
the rate of discount allowed on the
shirt?

Answer 1

Given,

Marked price = Rs. 1200

Sold at = Rs. 960

To find,

The rate of discount.

Solution,

We can simply solve this mathematical problem by using the following mathematical process.

First of all, we have to calculate the discount amount.

Discount amount = Marked price - Selling price

Discount amount = 1200-960 = Rs. 240

Discount rate = 100 × Discount amount/Marked price = 100 × 240/1200 = 20%

[The discount rate is calculated on the basis of the marked price.]

Hence, the discount rate is 20%.