What Rate Of Discount Is Given If A Lady’s Bag Which Is Sold At A Regular…

What rate of discount is given if a lady’s bag which is sold at a regular price of P 750.00 is now sold for P 660.00?

We are looking for the rate:
[tex]Rate= \frac{Percentage}{Base} = \frac{750-660}{750}=0.12=12[/tex]%

First find the percent of the P 660

P660 divided by P 750=0.88

Convert to percent:
0.88 x 100=88%

Subtract 88% from total
100%-88%=12%

Therefore the discount is 12%

Hope this helps =)

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