Question

The marked price of a ceiling fan is Rs.1250 and the shopkeeper allows a discount of 6% on it. Find the selling price of the fan.
A. 1175
B. 2260
C. 1150
D. 1460

Answer 1

Hint: Marked price is also called labelled price. First find the discount price. Discount is 6%, so 6% of marked price is the discount price. And then subtract this discount price from the marked price to get the selling price.

Formula used:
$ SP = MP - D $ , where SP is the selling price, MP is the marked price and D is the discount

Complete step by step solution:
We are given that the marked price (MP) of a ceiling fan is Rs. 1250 and the shopkeeper allows a discount of 6% on it.
We have to find the selling price of the ceiling fan.
We are given that discount on the fan is 6% which is allowed by the shopkeeper.
Discount price is equal to 6% of marked price.
This means
 $ \Rightarrow D = 6\% of \, Rs.1250 = \dfrac{6}{{100}} \times 1250 = Rs.75 $ , Discount price is Rs. 75.
Selling price is equal to marked price minus discount.
This gives us
 $ \Rightarrow SP = MP - D = 1250 - 75 = Rs.1175 $
Hence, the correct option is Option A, selling price of the ceiling fan is $ Rs. 1175 $ .
So, the correct answer is “Option A”.

Note: Do not confuse marked price with selling price. The actual selling price is equal to marked price minus discount price, when there is any discount. If there is no discount then the marked price is the actual selling price. The price of an item will be reduced after bargaining, price before bargaining is marked price and price after bargaining is selling price (bargaining can also be considered as discount here). If there is no bargaining allowed and the object is at a fixed price, then the marked price is the same as selling price.