An article is marked at Rs 1500. A customer gets a discount of 20% on it. If he wants the article at Rs 960, what additional discount he wants to have?
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Solution:
Marked price of article = Rs. 1500
Discount applied = 20%
Discount price = 20% of 1500 = (20/100) * 1500 = Rs. 300
Price of article after discount = Rs. (1500 - 300) = Rs. 1200
Now, if customer wants the article at Rs. 960 then discount price will be,
Additional Discount Price = Price of article after discount - Customer price
Additional Discount Price = Rs. 1200 - Rs. 960 = Rs. 240
To find Additional Discount percentage,
Additional Discount Price = Additional Discount percentage * Price of article after discount
Let Additional Discount be x%
240 = x% * 1200
240 = (x/100) * 1200
240 = 12x
x = 240/12
x = 20%
The additional discount percentage will be 20%
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