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The list price of a shirt is Rs. 440 and...

The list price of a shirt is Rs. 440 and a customer pays Rs. 396 for it. The discount rate is

A

0.1

B

`10 1/2 %`

C

`20%`

D

`12 %`

Text Solution

AI Generated Solution

The correct Answer is:
To find the discount rate on the shirt, we can follow these steps: ### Step 1: Identify the given values - List Price (Mark Price) = Rs. 440 - Selling Price (SP) = Rs. 396 ### Step 2: Calculate the Discount Amount The discount amount can be calculated using the formula: \[ \text{Discount} = \text{List Price} - \text{Selling Price} \] Substituting the values: \[ \text{Discount} = 440 - 396 = 44 \text{ Rs.} \] ### Step 3: Calculate the Discount Rate The discount rate can be calculated using the formula: \[ \text{Discount Rate} = \left( \frac{\text{Discount}}{\text{List Price}} \right) \times 100 \] Substituting the values: \[ \text{Discount Rate} = \left( \frac{44}{440} \right) \times 100 \] ### Step 4: Simplify the Calculation Now, simplify the fraction: \[ \frac{44}{440} = \frac{1}{10} \] Now, multiply by 100: \[ \text{Discount Rate} = \frac{1}{10} \times 100 = 10\% \] ### Conclusion The discount rate is **10%**. ---
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