Question : A chair is marked for Rs. 210 and sold for Rs. 189. Find the discount rate for this transaction.
Option 1: 10%
Option 2: 12%
Option 3: 15%
Option 4: 8%
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Correct Answer: 10%
Solution :
Given:
Marked price = (M.P) = Rs. 210
Selling price = (S.P) = Rs. 189
Discount = 210 – 189 = Rs. 21
⇒ So, rate of discount = $\frac{21}{210}$ × 100 = 10%
Hence, the correct answer is 10%.
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