Question
Download Solution PDF2/5 of marked price is equal to 5/8 of selling price. What is the discount percent?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
2/5 of marked price = 5/8 of selling price
Formula Used:
Discount percent = (Marked price - Selling price) / Marked price x 100%
Solution:
Let's start by simplifying the given equation:
2/5 of marked price = 5/8 of selling price
We can rewrite this as:
8/5 x 2/5 of marked price = selling price
16/25 of marked price = selling price
Now we can use the formula for discount percent:
Discount percent = (Marked price - Selling price)/Marked price x 100%
Substituting the values we have:
Discount percent = (Marked price - 16/25 of marked price) / Marked price x 100%
Simplifying this expression:
Discount percent = (9/25) x 100
⇒ 9 × 4 = 36
Discount percent = 36%
Therefore, the discount percent is 36%.
Last updated on Jun 25, 2025
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