Question
An item is originally priced at $80. A discount is given and the item is bought for $68. Estimate what percent of discount is received.
- 15%
- 25%
- 12%
- 10%
Hint:
1. When a certain quantity is divided into 100 equal parts and a certain part of it is to be expressed in terms of the whole quantity, that portion is called as a percent, represented with a % sign.
2. Percentage discount = (New Price - Original Price) / Original Price * 100.
The correct answer is: 15%
Given-
Original price = $80
New Price = $68
To find-
Percentage discount received
Solution-
We know that-
Percentage discount = (New Price - Original Price) / Original Price * 100
∴ Percentage discount = (80 - 68) / 80 * 100
∴ Percentage discount = 12 / 80 * 100
∴ Percentage discount = 15%
Final Answer- Option 'a' i.e. '15%' is the correct answer to the given question.
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