A trader accepts 60000 for goods whose selling price was 65000 .What was the percentage discount

Answer 1

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%.