Question

The marked price of an article is Rs.100. If its sold at Rs.80 , find the discount rate.

Please answer quick.

Answer 1

20%

Explanation:

Given parameters:

Marked price = Rs. 100

Selling price = Rs. 80

Unknown:

Discount rate = ?

Solution:

The price on the label of an article is the marked price;

Discount amount = Marked price - selling price

= Rs. 100 - Rs. 80

= Rs. 20

Discount rate =
`(Discount )/(Marked price ) x 100`

Discount rate =
`(20)/(100)` x 100 = 20%