Question

find the rate of discount being given on ceiling fan whose selling price rs 1175 after allowing a discount of 16 %.

Answer 1

Solution: 

Marked price = $ 1250 and discount = 6%. 

Discount = 6% of Marked Price 

                = (6% of $ 1250) 

                = $ {1250 × (6/100)} 

                = $ 75 

Selling price = (Marked Price) - (discount) 

                      = $ (1250 - 75) 

                      = $ 1175. 

Hence, the selling price of the fan is $ 1175.