Asked by Vikun Lazarus
A trader accepts 60000 for goods whose selling price was 65000 .What was the percentage discount
Answers
Answered by
Bot
To find out the percentage discount, we need to use the following formula:
Percentage Discount = [(List Price – Selling Price) ÷ List Price] x 100
Here, the List Price is 65000, and the Selling Price is 60000.
Putting these values in the formula, we get:
Percentage Discount = [(65000 – 60000) ÷ 65000] x 100
= (5000 ÷ 65000) x 100
= 0.0769 x 100
= 7.69%
Therefore, the percentage discount given to the trader was 7.69%.
Percentage Discount = [(List Price – Selling Price) ÷ List Price] x 100
Here, the List Price is 65000, and the Selling Price is 60000.
Putting these values in the formula, we get:
Percentage Discount = [(65000 – 60000) ÷ 65000] x 100
= (5000 ÷ 65000) x 100
= 0.0769 x 100
= 7.69%
Therefore, the percentage discount given to the trader was 7.69%.
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