Question

The price of a sweater was slashed from ₹ 960 to ₹816 by a shopkeeper in the winter season. Find the rate of discount given by him.​

Answer 1

Given:-

• Price of the Sweater in the starting(Cost Price) = ₹ 960

• Price of the Sweater after slashing(Selling Price)  = ₹ 816

To Find:-

• Rate of discount which is given by him.

Calculating:-

• First we have to find the amount that has been discounted.

For that we use the Formula:-

• = Cost Price - Selling Price

• Substituting values that are known to us in this formula we get:

• => 960 - 816

=> ₹ 144

• Therefore, the discounted price is ₹ 144.

• Now, We have to calculate the discount percentage.

• To calculate the discount percentage we use the formula:

• Discount Percentage = Discounted Price / Cost Price x 100

• Substituting all the values which we know into this equation we get:

• = 144/960 x 100

• = 0.15 x 100

= 15 %

• Therefore, the rate of discount that is given to him is 15 %.

Answer 2

Given :

The price of a sweater was slashed from ₹ 960 to ₹816 by a shopkeeper in the winter season.

To find :

Find the rate of discount given by him.​

Solution :

Cost price = ₹ 960

Selling price = ₹ 816

∴ Discount = ₹ (960 - 816) = ₹ 144

∵ Discount depends on the cost price.

∴ Rate of discount = (Discount/Cost price) × 100

                               = (144/960) × 100  %

                                = 1440/96 %

                                = 15%

∴ Rate of discount = 15%