The marked price of an article is Rs 80 and it is sold at Rs 76, then the discount rate is

Options

A. `5%`
B. `95%`
C. `10%`
D. appx. 11%

Answer

To find the discount rate on an article, we can use the formula for calculating the discount percentage. Here’s how to solve the problem step by step:

### Step 1: Identify the given values
- **Marked Price (MP)** = Rs 80
- **Selling Price (SP)** = Rs 76

### Step 2: Calculate the Discount
The discount can be calculated using the formula:
\[ \text{Discount} = \text{Marked Price} - \text{Selling Price} \]
Substituting the values:
\[ \text{Discount} = 80 - 76 = 4 \text{ Rs} \]

### Step 3: Calculate the Discount Percentage
To find the discount percentage, we use the formula:
\[ \text{Discount Percentage} = \left( \frac{\text{Discount}}{\text{Marked Price}} \right) \times 100 \]
Substituting the values:
\[ \text{Discount Percentage} = \left( \frac{4}{80} \right) \times 100 \]

### Step 4: Simplify the fraction
Now, simplify the fraction:
\[ \frac{4}{80} = \frac{1}{20} \]

### Step 5: Calculate the percentage
Now, multiply by 100:
\[ \text{Discount Percentage} = \left( \frac{1}{20} \right) \times 100 = 5\% \]

### Final Answer
The discount rate is **5%**.

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