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What is the discount allowed if a produc...

What is the discount allowed if a product is sold at Rs. 400 instead of Rs. 500?

A

`14.30%`

B

`20%`

C

`15%`

D

`80%`

Text Solution

AI Generated Solution

The correct Answer is:
To find the discount allowed when a product is sold at Rs. 400 instead of Rs. 500, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the Selling Price and the Original Price:** - Selling Price (SP) = Rs. 400 - Original Price (Marked Price, MP) = Rs. 500 2. **Calculate the Discount Amount:** - Discount = Original Price - Selling Price - Discount = Rs. 500 - Rs. 400 - Discount = Rs. 100 3. **Calculate the Discount Percentage:** - Discount Percentage = (Discount / Original Price) × 100 - Discount Percentage = (Rs. 100 / Rs. 500) × 100 - Discount Percentage = (1/5) × 100 - Discount Percentage = 20% 4. **Conclusion:** - The discount allowed is 20%.
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