explain 5th question with Answer
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Cost Price = Rs. 30,000
Selling Price = Rs. 28,000
Discount = 30,000 - 28,000
=> Discount = 2000
Discount % = ( Discount / Cost Price ) * 100
=> Discount % = ( 2000 / 30000 ) * 100
=> Discount % = ( 2 / 30 ) * 100
=> Discount % = 200 / 30 = 6.67 %
Hence the rate of discount is 6.67 %.
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