An umbrella marked at Rs. 80 is sold for Rs. 68. The rate of discount is:
Correct answer: A. 15%
- A. 15%
- B. 12%
- C. 17 11/17%
- D. 20 %
Explanation
The discount is Rs. 80 - Rs. 68 = Rs. 12. Therefore, discount rate = Rs. 12 / Rs. 80 x 100 = 15%; the likely wrong choice is 12%, which is the discount amount expressed as a number rather than as a percentage of the marked price.
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About Profit and Loss
Profit and loss compare the cost price and selling price of an item, using profit or loss percentages based on the cost price unless stated otherwise. Questions include marked price, discount, successive discounts, commission, and finding an unknown price, with care needed to distinguish discount from loss.
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