What is the discount rate percentage on a gift whose selling price is Tk. 440 after a reduction of Tk. 60 on its marked price?

Question: What is the discount rate percentage on a gift whose selling price is Tk. 440 after a reduction of Tk. 60 on its marked price?

Solution:
Given,
SP of the gift = Tk. 440
Discount = Tk. 60

MP of the gift = Tk. (440 + 60) = Tk. 500

∴ Discount percentage = (60/500) × 100 = 12%