Question

The marks price of an article is 4500.after allowing some percent of and levying 10% VAT it is sold at 4400, find the discount percent

Answer 1

The discount percent for the given transaction is calculated as; 6.11%

What is the percentage Discount?

We are given;

Mark Price; M.P = 4500

Now, formula for discount amount is;

Discount amount = %Discount * M.P

Discount amount = x% * 4500 = 45x

Also;

Selling price is;

S.P = M.P - Discount Amount

S.P = 4500 - 45x

VAT = Vat% * S.P

VAT = (10%*4500) - 45x

VAT = 450 - 45x

S.P with VAT = S.P + VAT Amount = 4500 - 45x + 450 - 45x = 4950 - 90x

Thus;

4950 - 90x = 4400

Solving for x gives;

x = 6.11%

Read more about Percentage Discount at; brainly.com/question/843074

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