Question

find the amount to be paid on an article marked #1250 if a discount of 8% is to be given

Answer 1

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Answer 2

Answer:

On an item with a marked price of Rs. 1250, the amount to be paid is Rs. 1150 after an 8% discount.

Step-by-step explanation:

The price that is quoted or listed on the product or article is known as the marked price. It is the price that we see on price tags.

A discount is a reduction in the regular selling price of a good or service, either in terms of money or as a percentage. Discount is calculated on the marked price.

Given, Marked price = Rs. 1250

                 Discount = 8 %

First, calculate the discount in monetary terms,

    Discount = $\frac{discount percent}{100}*marked price$

                     =  $\frac{8}{100}*1250$

                     = Rs. 100

The price to be paid after 8 % discount on the marked price is

            = marked price - discount

           = 1250 - 100

           = Rs. 1150

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