Question

2 A car dealer, at a year-end clearance, reduces the price of last year's models by a certain amount. If a certain four-door model has been sold at a discounted price of Birr 51,000, with a discount of Birr 9,000, what is the percentage of discount?​

Answer 1

For calculating the percentage of discount, we can use the formula:

Percentage of discount = (Discount amount / Original price) * 100

We have given that the discounted price is Birr 51,000 and the discount amount is Birr 9,000,we need to find the original price.

Original price = Discounted price + Discount amount

Original price = 51,000 + 9,000 = 60,000 Birr

Now, we can calculate the percentage of discount:

Percentage of discount = (9,000 / 60,000) * 100 = 15%

Hence, the percentage of discount for the four-door model is 15%.