Which of the following refers to the amount being deducted from the original price?Question 3AnswerA.RateB.CommissionC.DiscountD.Interest
Question
Which of the following refers to the amount being deducted from the original price?
Question 3
Answer
A. Rate
B. Commission
C. Discount
D. Interest
Solution
Answer
The amount being deducted from the original price refers to C. Discount.
A discount is a reduction in the usual price of a product or service, often used as a promotional strategy to encourage sales. The other options do not apply:
- A. Rate usually refers to a specific measure, quantity, or frequency.
- B. Commission represents a fee paid to an agent or salesperson, often a percentage of sales.
- D. Interest relates to the cost of borrowing money or the return on savings.
Thus, the correct choice is C. Discount.
Similar Questions
The list price of an article is Rs.65. A customer pays Rs.56.16 for it. He was given two successive discounts, one of them being 10%. The other discount is?
The interest rate banks charge their customers is known as the _____ rate.A.mortgageB.primeC.securitiesD.discount
Of which of the following instruments are issued at discount ?Question 6Answera.Bothb.Only Commercial Paperc.Commercial paperd.Certificate of Deposit
Marked price is 1.45 times of cost price. Selling price is Rs1500. The profit is 25%. Find the discount percentage.(a) 14%(b) 15%(c) 16%
A man borrowed 3125 for C.I. which amounted to4500 in 2 years. What was the rate of interest per annum?(A) 30% (B) 25% (C) 20% (D) 15%
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.