A trader accepts 60000 for goods whose selling price was 65000 .What was the percentage discount
To find out the percentage discount, we need to use the following formula:
Percentage Discount = [(List Price – Selling Price) ÷ List Price] x 100
Here, the List Price is 65000, and the Selling Price is 60000.
Putting these values in the formula, we get:
Percentage Discount = [(65000 – 60000) ÷ 65000] x 100
= (5000 ÷ 65000) x 100
= 0.0769 x 100
= 7.69%
Therefore, the percentage discount given to the trader was 7.69%.
To find the percentage discount, we need to calculate the difference between the selling price and the amount received by the trader, and then calculate the percentage of that difference.
Difference = Selling Price - Amount Received
Difference = 65000 - 60000
Difference = 5000
Percentage Discount = (Difference / Selling Price) * 100
Percentage Discount = (5000 / 65000) * 100
Percentage Discount ≈ 7.69%
Therefore, the percentage discount is approximately 7.69%.