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Marked price of a dining table is Rs. 6, 000 and its is sold to a customer for Rs. 5, 500. What is discount rate given on that table ?
- a)10%
- b)8 1/3%
- c)8%
- d)95
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Marked price of a dining table is Rs. 6, 000 and its is sold to a cust...
Discount rate = 500* 100/6000= 8.33%
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Marked price of a dining table is Rs. 6, 000 and its is sold to a cust...
Discount is a reduction in the original price of a product or service. It is usually expressed as a percentage of the marked price. In this case, the marked price of the dining table is Rs. 6,000 and it is sold to a customer for Rs. 5,500. We need to find the discount rate given on that table.
Let's calculate the discount rate step by step:
Step 1: Find the discount amount
Discount amount = Marked price - Selling price
Discount amount = Rs. 6,000 - Rs. 5,500
Discount amount = Rs. 500
Step 2: Find the discount rate
Discount rate = (Discount amount / Marked price) x 100
Discount rate = (500 / 6000) x 100
Discount rate = 0.0833 x 100
Discount rate = 8.33%
Therefore, the discount rate given on the dining table is 8 1/3%.
Explanation:
The discount rate is calculated by finding the difference between the marked price and the selling price, and then dividing it by the marked price. This gives the discount amount as a fraction of the marked price. Multiplying this fraction by 100 gives the discount rate as a percentage.
In this case, the discount amount is Rs. 500. To find the discount rate, we divide this amount by the marked price of Rs. 6,000 and multiply by 100. This gives a discount rate of 8.33%.
To convert the discount rate into a mixed fraction, we can express it as 8 1/3%. This means that the customer received a discount of 8 1/3% on the dining table.
Therefore, the correct answer is option B) 8 1/3%.
Let's calculate the discount rate step by step:
Step 1: Find the discount amount
Discount amount = Marked price - Selling price
Discount amount = Rs. 6,000 - Rs. 5,500
Discount amount = Rs. 500
Step 2: Find the discount rate
Discount rate = (Discount amount / Marked price) x 100
Discount rate = (500 / 6000) x 100
Discount rate = 0.0833 x 100
Discount rate = 8.33%
Therefore, the discount rate given on the dining table is 8 1/3%.
Explanation:
The discount rate is calculated by finding the difference between the marked price and the selling price, and then dividing it by the marked price. This gives the discount amount as a fraction of the marked price. Multiplying this fraction by 100 gives the discount rate as a percentage.
In this case, the discount amount is Rs. 500. To find the discount rate, we divide this amount by the marked price of Rs. 6,000 and multiply by 100. This gives a discount rate of 8.33%.
To convert the discount rate into a mixed fraction, we can express it as 8 1/3%. This means that the customer received a discount of 8 1/3% on the dining table.
Therefore, the correct answer is option B) 8 1/3%.
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Marked price of a dining table is Rs. 6, 000 and its is sold to a customer for Rs. 5, 500. What is discount rate given on that table ?a)10%b)8 1/3%c)8%d)95Correct answer is option 'B'. Can you explain this answer?
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