A man bought a car for Rs. 442,500 at a 15% discount. How much did he save?
Rs. 66,375
Rs. 50,625
Rs. 61,875
Rs. 52,500

# A man bought a car for Rs. 442,500 at a 15% discount. How much did he save?

A. Rs. 66,375
B. Rs. 50,625
C. Rs. 61,875
D. Rs. 52,500

## Introduction

Understanding discounts and calculating the savings on a purchase is an essential skill in everyday life. Let’s delve into a scenario where a man bought a car at a discounted price and explore how much he managed to save.

## Given Information

Car price before discount = Rs. 442,500
Discount rate = 15%

## Calculating the Discount Amount

Step 1: To find out how much discount the man received, we need to calculate the discount amount. The formula to calculate the discount amount is as follows:
Discount Amount = (Discount Rate) × (Car Price before Discount)

Step 2: Plug in the values:
Discount Amount = 0.15 × 442,500 = Rs. 66,375

## Amount Saved

The discount amount calculated above is the exact amount the man saved on the purchase of the car. Hence, the amount saved is Rs. 66,375.

## Conclusion

In this scenario, the man managed to save Rs. 66,375 on the purchase of the car due to the 15% discount offered. Understanding how to calculate discounts and savings not only helps individuals make informed purchasing decisions but also enhances their financial literacy.

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