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A bag marked at Rs90 is sold for Rs72. The rate of discount is:Options20%25%15%10%

Question

A bag marked at Rs90 is sold for Rs72. The rate of discount is:Options20%25%15%10%

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Solution

The rate of discount can be calculated using the formula:

Discount Rate = (Marked Price - Selling Price) / Marked Price * 100%

Here, the marked price is Rs 90 and the selling price is Rs 72.

So, the discount rate is:

Discount Rate = (90 - 72) / 90 * 100% = 20%

So, the rate of discount is 20%.

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