Discount Ques 12

Question

List price of a book is Rs. 100. A dealer sells three such books for Rs. 274.50 after allowing discount at certain rate. Find the rate of discount.

(1) 8.33%

(2) 8.16%

(3) 8.5%

(4) 8.34%

(5) None of these

(IBPS Bank PO/MT CWE-VII (Prelim Exam) 15.10.2017)

Show Answer

Answer: (3)

Solution: (3)

Here, list price of a book = Rs. 100

Then, list price of 3 such books = Rs. 300

Selling price of three books = Rs. 274. 50

Discount $ =300-274.50=Rs.25.50 $

Discount percent $ =\frac{25.50}{300}\times 100=8.5 $ %