10 Views

Question : A shopkeeper lists the price of an article as Rs. 500. But he gives a certain discount which allows the buyer to pay Rs. 500 for the article including 10% sales tax. The rate of discount is:

Option 1: $10$%

Option 2: $10\frac{1}{11}$%

Option 3: $9\frac{1}{11}$%

Option 4: $12$%


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: $9\frac{1}{11}$%


Solution : Given: A shopkeeper lists the price of an article as Rs. 500.
The sales tax on the Selling Price is 10%.
Let the Selling Price be $x$.
So, $\frac{110x}{100}=500$
⇒ $x=\frac{5000}{11}$
Discount = $500-\frac{5000}{11}=\frac{500}{11}$
So, discount percentage is $\frac{\frac{500}{11}}{500}×100=\frac{100}{11}=9\frac{1}{11}$%
Hence, the correct answer is $9\frac{1}{11}$%.

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books