Question

the marked price of a bicycle is Rs.5000. the shopkeeper gave 5% discount. Find the discount. How much a customer has to pay to buy the bicycle

Answer 1

Answer:

discount on bicycle was rs250

customer buys that cycle at rs4750

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Step-by-step explanation:

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Answer 2

The discounted amount is Rs. $250$ and the customer will have to pay Rs. $4750$ after the discount.

Step-by-step explanation:

• The tagged price, also known as the list price, is the price printed on a product's label. This is the price at which the item will be available for purchase. However, this price may have been reduced, and the product's actual selling price may be cheaper than the marked price.
• Discounting is a financial method that allows a debtor to defer payments to a creditor for a predetermined period of time in exchange for a fee or penalty. In essence, the party owing money now buys the right to defer payment until a later date.

Here, the marked price is Rs.$5000$ and the discount given is of $5\%$

∴ $5000\times5\%=250$

If we deduct $250$ from $5000$ we get $4750$.

Hence, the customer has to pay Rs. $4750$ after the discount.