An item marked at Rs 840 is sold for Rs 714. What is the percentage (%) of discount?
Question
An item marked at Rs 840 is sold for Rs 714. What is the percentage (%) of discount?
Solution
Step 1: First, we need to find out the amount of discount given. This can be calculated by subtracting the selling price from the marked price.
So, Discount = Marked price - Selling price = Rs 840 - Rs 714 = Rs 126
Step 2: Next, we calculate the discount percentage. The formula to calculate discount percentage is:
Discount % = (Discount / Marked price) * 100
Substituting the values we get:
Discount % = (Rs 126 / Rs 840) * 100 = 15 %
So, the discount given is 15%.
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