Profit and Loss Practice Test 3

Question : 23 of 40

Marks: +1, -0

An article marked Rs 800 is offered at Rs 736 in the off-season. The rate of discount offered is:

Solution:

Marked price = Rs 800
Offered rate in the off-season = Rs 736
Rate of discount offer is

={MP-CP}/{CP}×100

={800-736}/736×100=8.69\or 8%

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