Find the rate of discount being given on a ceiling fan whose selling price is 1175 after allowing a discount of rupees 75 on its marked price
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Solution,
Here,
Selling price of the ceiling fan(S.P.) = Rs 1175.
Discount amount = Rs 75
Rate of discount (D%) = ?
Now, Let Marked price be denoted by 'M.P.'
S.P. = M.P.- discount amount
or, 1175 = M.P. - 75
or, M.P. = Rs 1250.
We know,
D% = (discount amount/M.P.) ×100% = (75/1250)×100% = 6%
So, the rate of discount is 6%.
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