Question

Making Purchasing decision.

Q1) A restaurant meal usually cost Nu 80. A special rate of Nu 60 is offered for lunch on Thursday only. Calculate the percent discount. ​

Answer 1

25%

Explanation:

Given that a restaurant meal usually cost Nu 80 but on Thursdays it cost Nu 80.

To determine the discount, we have to find the ratio between the difference between the usual cost and the cost on Thursday to the usual cost of meals. It is given by:

Percent discount = (Usual cost - Cost of meal on Thursday)/ Usual cost × 100%

Percent discount = (80 - 60) / 80 × 100% = 20 / 80 × 100%

Percent discount = 25%