What is the rate of discount if a car which price was Rs 9,000 was sold for Rs 7,200?
What is the rate of discount if a car which price was Rs 9,000 was sold for Rs 7,200?
Explanation
To find the rate of discount, first, we need to find the amount of discount.
Amount of discount = Original price - Selling price
= Rs 9,000 - Rs 7,200
= Rs 1,800
Now, we can find the rate of discount.
Rate of discount = (Amount of discount / Original price) × 100
= (Rs 1,800 / Rs 9,000) × 100
= 20%
So, the correct answer is: 20%