Question

The market price of a T.V is Rs. 27,000. But, Mr Aman paid Rs. 23,760 after getting discoung. Find the discount rate.
1. 12%
2. 14%
3. 5%
4. 20%

Answer 1

Correct Answer - Option 1 : 12%

Given

Market price = Rs. 27,000

Formula used

Selling price = Market price - Discount

Discount % = (Discount/Market Price) × 100

Calculation

23,760 = 27,000 - Discount

Discount = 27,000 - 23,760

Discount = Rs. 3240

Discount% = (3240/27,000) × 100

Discount % = 12%

∴ Discount rate is 12%