Discussion
A scooter marked at ₹720 is sold at ₹500. What is the rate of discount?
Answer: B
The discount is the marked price minus the selling price, and the rate is the discount as a fraction of the marked price.
\[ \frac{720-500}{720} \times 100 = \frac{220}{720} \times 100 \]
\[ = \frac{275}{9}\% \]
The rate of discount is 275/9 per cent, about 30.6 per cent. The other options are values of more than 30 per cent that are much higher or lower than this.
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