What is the rate of discount if a product costing Tk. 500 is sold for Tk. 470?

What is the rate of discount if a product costing Tk. 500 is sold for Tk. 470?

A 0.05

B 0.06

C 0.03

D 0.03

Solution

Correct Answer: Option B

product costing=500 tk sold=470 tk :. 500-470/500=30/500=.06tk