Question
Download Solution PDFA shopkeeper gives a discount of 15% on the marked price of an article. If the selling price is ₹8,500, then the discount on it will be ________.
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Selling price = ₹8,500
Discount = 15%
Formula Used:
Discount = (Discount Percentage × Marked Price) / 100
Selling Price = Marked Price - Discount
Calculation:
Let the Marked Price be M.
Selling Price = Marked Price - Discount
₹8,500 = M - (15% of M)
⇒ ₹8,500 = M - (0.15 × M)
⇒ ₹8,500 = M(1 - 0.15)
⇒ ₹8,500 = M × 0.85
⇒ M = ₹8,500 / 0.85
⇒ M = ₹10,000
Now, Discount = 15% of M
⇒ Discount = 0.15 × ₹10,000
⇒ Discount = ₹1,500
The discount on the marked price is ₹1,500.
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