Question

A manufacturer’s catalogued price of a weighing machine is Rs. 240 but he allows the retailer $30\% $ discount. What does the retailer pay for the machine?

Answer 1

Hint: In this question the catalogued price is the marked price and the discount on the marked price is also given. In order to find the selling price we will use the formula given as the selling price is equal to discounted price subtracted from the marked price.

Complete step-by-step answer:
Given that
Marked price = Rs 240
Discount $ = 30\% $
Therefore the discounted price will be
$
   = 240 \times \dfrac{{30}}{{100}} \\
   = Rs.72 \\
$
Selling price = marked price – discounted price
$
   = 240 - 72 \\
   = Rs.168 \\
 $
Hence, the retailer paid Rs. 168 for the machine.

Note: In order to solve problems of selling price and cost price remember the basic definitions of Cost price, Fixed, variable price, marked price etc. With the help of their definitions it is easy to know what is given and what we need to find. For example in above question Marked price is given and we have asked to find the selling price. Also a discount is given. The discount is given on the marked price not on the selling price.