Question

A shopkeeper gives a discount of $5$ paise in one rupee on a commodity whose marked price is $Rs.16$. What is sthe percentage of discount given ? Find the selling price.

Answer 1

Discount$\%=\frac{0.005}{1}\times 100=5\%$

As, $MP=Rs.16$

So, $SP=95\%\times 16=Rs.15.20$

Hence, $SP=Rs.15.20$