A company bought a machine for ₹40000 and spent ₹10000 on its repairs. After some time, the machine was sold for ₹45000. How much discount was offered?
Answer & explanation
Correct answer: option 3
Cost price of the machine = 40000
Spent on repair = 10000
Total cost price = 45000 + 5000 = 50000
Selling price of the machine = 45000
So the discount % = ( 50000 - 45000 ) × \(\frac{100}{50000}\) = 10%