A bag marked at $250 is sold for $120. The rate of discount is? Choose the correct choice from the following choices.
A) 10% B) 25% C) 20% D) 52% E) 45%
Rate of discount = 130/250 * 100= 
<gadget id="calculator">130/250 * 100</gadget>
<output>52</output>
52%   Answer is 52%
<result>D</result>
A bag marked at $250 is sold for $120. The rate of discount is?