Here,
Rate of discount
= \(\frac{M.P.-S.P.}{M.P.}\times100\%\)
= \(\frac{5x-4x}{5x}\times100\%\)
= \(\frac x{5x}\times100\%\)
= 20%
Hence,selling price of Rs. 5x on a marked price of 4x means 20% discount was applied on the bag.
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If the marked price and selling price of a bag are Rs. 5x and Rs. 4x respectively, find the discount rate.
Here,
Rate of discount
= \(\frac{M.P.-S.P.}{M.P.}\times100\%\)
= \(\frac{5x-4x}{5x}\times100\%\)
= \(\frac x{5x}\times100\%\)
= 20%
Hence,selling price of Rs. 5x on a marked price of 4x means 20% discount was applied on the bag.
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