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Answer :
Final Answer:
The discount percentage is approximately 15.74%.
Explanation:
To calculate the discount percentage, we can use the formula:
Discount Percentage = (Discount Amount / Marked Price) × 100
Given that the marked price (MP) is ₹940 and the selling price (SP) is ₹799, we can calculate the discount amount as follows:
Discount Amount = MP - SP
Discount Amount = ₹940 - ₹799 = ₹141
Now, let's calculate the discount percentage:
Discount Percentage = (₹141 / ₹940) × 100 ≈ 15.74%
Therefore, the discount percentage is approximately 15.74%.
In this scenario, the discount percentage represents the reduction in the original marked price that a customer receives when purchasing the article at the selling price of ₹799. It indicates the cost savings achieved through the discounted price.
Understanding the discount percentage is crucial for both consumers and businesses. For consumers, it helps them assess the value they are getting for their money and make informed purchasing decisions. For businesses, offering discounts can attract customers and boost sales, while carefully managing discount strategies ensures profitability.
In the given example, the discount of approximately 15.74% means that the customer is paying only 84.26% of the original marked price, resulting in a cost-saving benefit.
By understanding the concept of discount percentages, individuals can navigate the realm of pricing and promotions more effectively, making their money go further.
Learn more about discount percentage.
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