Question : Directions: A person while buying a dress on sale spends Rs. 45 and saves Rs. 5, what is the percentage of his savings?
Option 1: 5%
Option 2: 10%
Option 3: 15%
Option 4: 20%
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Correct Answer: 10%
Solution :
Given:
Cost Price = Rs. 45, Discount he gets (his savings) = Rs. 5
⇒ Marked price = Cost price + Discount
= 45 + 5 = Rs. 50
The percentage of his savings = $\frac{Savings}{Marked price}\ ×\ 100$
= $\frac{5}{50}\ ×\ 100$
= 10%
Hence, the second option is correct.
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