What is the discount rate percentage on

CUET Preparation Today

Start Free Mocks

Home Questions VHFUWZ9QPW

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

What is the discount rate percentage on a gift whose selling price is ₹420 after a reduction of ₹60 on its marked price?

Options:

10.5

12.5

14.5

13.5

Correct Answer:

12.5

Explanation:

Selling price of the article = 420

Discount = 60

Marked price = 420 + 60 = 480

So, the percentage of discount = 60 × \(\frac{100}{480}\) = 12.5%