The price of a raincoat was slashed from Rs.1060 to Rs.901 by a shopkeeper in the winter season to boost the sales. Find the rate of discount given by him
Answers
The rate of discount given by the shopkeeper in the winter season is 15%.
Step-by-step explanation:
Required Formula:
- Selling Price = Marked Price – [Discount% * Marked price]
The original price of the raincoat, Marked Price = Rs. 1060
The price of the raincoat after giving the discount, Selling Price of the raincoat = Rs. 901
Let the rate of the discount be “x”%.
Substituting the given values in the above formula, we get
901 = 1060 – [x% * 1060]
⇒ (x/100) * 1060 = 1060 – 901
⇒ (x/100) * 1060 = 159
⇒ x = [159/1060] * 100
⇒ x = 15%
Thus the rate of discount is 15%.
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Answer:15%
Step-by-step explanation:
Discount=Marked price-selling price
=1060-901
=Rs.159
discount%=(159/1060×100)