If there is a discount of 40% on an article costing Rs 7000, then the price after discount is:
To find the price after a discount of 40%, we need to calculate the discounted amount and subtract it from the original price.
Step 1: Calculate the discount amount
Discount = Percentage Discount * Original Price
Discount = 40% * Rs 7000
To find 40% of a number, multiply the number by 0.40 (which is equivalent to 40/100).
Discount = 0.40 * Rs 7000
Step 2: Calculate the price after discount
Price after discount = Original Price - Discount
Using the values we calculated earlier:
Price after discount = Rs 7000 - Discount
Now, let's calculate the discount and the final price:
Discount = 0.40 * Rs 7000
= Rs 2800
Price after discount = Rs 7000 - Rs 2800
= Rs 4200
Therefore, the price after a discount of 40% on an article costing Rs 7000 is Rs 4200.