To find the missing values in the table, we can use the following relationships:
-
Rate of Discount (R):
\[ R = \left(\frac{\text{Discount}}{\text{Marked Price}}\right) \times 100 \] -
Sale Price (SP):
\[ SP = \text{Marked Price} - \text{Discount} \]
Given the information:
- Marked Price (MP) = $700
- Discount = $280
Step 1: Find the Rate of Discount (R)
Using the formula for the Rate of Discount: \[ R = \left(\frac{280}{700}\right) \times 100 \] \[ R = 0.4 \times 100 = 40% \]
Step 2: Find the Sale Price (SP)
Using the formula for Sale Price: \[ SP = 700 - 280 = 420 \]
Final Results
- Rate of Discount: 40%
- Sale Price: $420
Summary Table
- Marked Price: $700
- Rate of Discount: 40%
- Discount: $280
- Sale Price: $420
Feel free to ask if you have any other questions!