A furniture store listed a dining table set at Rs. 2,25,000. During a clearance sale, it was purchased for Rs. 1,35,000. What percentage reduction was offered from the listed price?
Correct Answer :
40%
Solution :
The correct option is 40%.
Step 1: Identify the given values.
Listed Price (Original Price) = Rs. 2,25,000
Sale Price (Purchased Price) = Rs. 1,35,000
Step 2: Calculate the reduction in price.
The price reduction is the difference between the original listed price and the clearance sale price.
Step 3: Calculate the percentage reduction.
The percentage reduction is calculated by taking the ratio of the price reduction to the listed price and multiplying by 100.
Substitute the values into the formula:
Simplify the fraction:
Now, calculate the percentage:
Therefore, a 40% reduction was offered from the listed price.
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