Question

Received cheque of Rs 90000 from kiran im full settlement of his account Rs 100000. calculate discount rate.​

Answer 1

Answer:

10%.

Explanation:

because 10% of 100000 is 10000 and cheque received is 90000 so there will be 10% of discount rate

Answer 2

Given:

Amount of the cheque received= Rs.90,000

The actual amount to be received=Rs.1,00,000

To find:

The rate of discount

Solution:

The rate of discount is 10%.

We can find the rate by following the given steps-

We know that the amount received is less than the amount receivable.

So, a discount has been given to Kiran.

Discount is the difference between the amount receivable and the amount received.

The amount that had to be received from Kiran=Rs.1,00,000

Amount received in full settlement of his account= Rs.90,000

The amount of discount= 1,00,000-90,000

=Rs.10,000

Now, the percentage of discount is calculated on the original amount payable by Kiran.

Let the percentage of discount be X.

So, X% of Rs.1,00,000= Rs.10,000

X/100×1,00,000=10,000

X=10,000×100/1,00,000

X=10%

The percentage of discount is 10%.

Therefore, the rate of discount is 10%.