Q.1 AN ALMIRAH OF MARKED PRICE RUPEE 4,000 IS SOLD FOR RUPEE 3,700 AFTER ALLOWING CERTAIN DISCOUNT . FIND THE RATE OF DISCOUNT ...
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PROFIT LOOS AND DISCOUNT ..
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Answers
Given :-
• An Almirah of marked Price Rupees 4,000
• An Almirah is sold for Rupees3,700
Solution :-
Here, Firstly we will have to find discount then discount percentage.
We have,
Marked Price = Rs 4,000
Selling price = Rs 3,700
As we know that,
Discount = MP - SP
Put the required values in the given formula,
Discount = 4000 - 3700
Discount = 300
Now,
For calculating discount %
Discount % = Discount / MP * 100
Put the required values,
Discount % = 300 / 4000 * 100
Discount % = 300 / 40
Discount % = 30/4
Discount % = 7.5%
Hence, The rate of discount is 7.5
Explore More :-
• MP = SP + Discount price
• SP = MP - Discount price
• Loss% = Loss / CP * 100
Here we are given an almirah whose market price is Rs. 4000. This almirah is sold for Rs. 3700 after allowing a certain discount. We have to find the rate of this discount.
★FORMULA USED:-
★GIVEN:-
- Market price -- Rs. 4000
- Selling price --- Rs. 3700
★TO FIND:-
- Rate of discount
★SOLUTION:-
Discount = Market price - Selling price
Discount = 4000-3700
Therefore, we got the discount on almirah is Rs. 300. Now we know that,
By simplifying, we get
★TO CROSS CHECK:-
Suppose our Market Price is m.p. and Selling Price is s.p. as we know that Selling price is price after the discount of say x% in Market price,
therefore, we get
By putting the value of M.P. = Rs. 400 and Discount is 7.5%
By simplifying,
Therefore,
S.P. = Rs. 3700
So, our answer is correct.