naresh went to a market and saw a chair of marked price 1200 . the shopkeeper sild it for 1000 . find the rate of discount on the chair
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Answer:
Marked price of Chair = ₹1200
Selling price of chair = ₹1000
Discount = MP - SP = 1200 - 1000 = ₹200
Discount % = 100 × Discount/MP
= 100 × 200/1200
= 16.67 % approximately..
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16%is the rate of discounr
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