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