Question

Compute the requested value. Choose the correct answer.

You are offered an item for $13.79. If the seller states he normally sells the same item for $14.95, what percentage discount is he offering you?

Answer 1

7.759%


`1-(13.79)/(14.95)=0.0775919`

Answer 2

Original price of the item = $14.95

Price after discount = $13.79

Discount offered = original price - price after discount = 14.95- 13.79 = $1.16

Now let us find the percentage of discount offered.

Percentage discount is given by the formula:

`Percentage discount = (MP-SP)/(MP)*100`

Where MP= Marked price= original price

SP= selling price= price after discount

`Percentage discount = (1.16)/(14.95)*100`

Percentage discount = 7.759 %