Question

An almirah of market price $Rs.4,000$ is sold for $Rs.3,700$ after allowing certain discount. Find the rate of discount.

Answer 1

Almirah cost=Rs. $4000$
Sold for$=3700$
Discount$=4000-3700$
$=300$
Rate of discount$=\frac{300}{4000}=\frac{3}{40}\times 100$
$=\frac{15}{2}$% $=7.5$%