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The marked price for wrist watch is Rs. 450, but the factory supplied it to recognized dealer at Rs. 390 per watch. What is the rate of discount allowed on each wrist watch?1. \(14\frac{1}{3}\%, 30\)2. \(13\frac{1}{3}\%, 60\)3. \(10\frac{1}{3}\%, 70\)4. \(8\frac{1}{3}\%, 50\) |
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Answer» Correct Answer - Option 2 : \(13\frac{1}{3}\%, 60\) Given The marked price (MP) for watch = 450 Rs. Sell price = 390 Rs. Discount = ? Formula used Discount = MP - S.P. Discount = (Discount/MP) × 100 Calculation Discount = 450 - 390 = 60 Rs. The rate of discount = (discount/MP) × 100 ⇒ (60/450) × 100 = 40/3 = 13(1/3)% ∴ The rate of discount is 13(1/3)% and discount is 60 Rs. |
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