Question

The marked price of a dining table is Rs.23,600 and is available at a discount of 8%.Find its selling price.
A.Rs.21,612
B.Rs.21,710
C.Rs.21,610
D.Rs.21,712

Answer 1

Hint: It is given that the table is sold at a discount of 8% .Hence we need to find the discount amount first and then subtract that from the marked price.

Complete step-by-step answer:
Step 1:It is given that the marked price of the dining table is Rs.23,600 and it is sold at a discount of 8%. So let's first calculate the discount value from the given percentage.
Step 2:The value of the discount can be calculated as follows
$
   \Rightarrow 8\% {\text{ of marked price }} = \dfrac{8}{{100}}*23600 \\
  {\text{ = }}8*236 \\
  {\text{ = 1888}} \\
$
Therefore ,the discount value is Rs.1888
Step 3:Now we need to deduct the discount amount from the marked price to obtain the selling price.
$
  {\text{Selling price = Marked price - Discount price}} \\
  {\text{ = 23600 - 1888}} \\
  {\text{ = 21712}} \\
$
Therefore the selling price of the dining table is Rs.21,712.
The correct option is D.


Note: The price on the label of an article /product is called the marked price.This is the price at which product is intended to be sold.
We can see that when a discount is offered ,then marked price > selling price and when discount is not offered ,then marked price < selling price.
Discount is a reduction given on marked price.
 Discount=Marked price – Selling price
Discount can be calculated when a discount percentage is given.