Question : What was the rate of discount if a computer with the marked price of Rs. 30,000 was sold for Rs. 28,000?
Option 1: $20\%$
Option 2: $7\frac{1}{2}\%$
Option 3: $6\frac{2}{3}\%$
Option 4: $15\%$
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Correct Answer: $6\frac{2}{3}\%$
Solution : Given: The marked price is Rs. 30,000 and the selling price is Rs. 28,000. Discount $\%=\frac{\text{(MP-SP)}}{\text{MP}}×100$, where MP = marked price, SP = selling price ⇒ Discount $\%=\frac{(30000–28000)}{30000}×100=\frac{20}{3} =6\frac{2}{3}\%$ Hence, the correct answer is $6\frac{2}{3}\%$.
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