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 $ %