Discount and Discount Percentage
Discount and Discount Percentage
Discount: Discount is defined as the amount of rebate given on the label price (marked price) of an article. It is given by merchants/shopkeepers for attracting customers for increasing their sales. The customer or buyer pays the difference between the marked price and the discount. Thus,
S.P. = Marked Price - Discount
Illustration: A shopkeeper marked an article at rs 4950. He then gave a discount of Rs 495. Find his discount %?
Solution: Marked Price = Rs 4950
Discount = Rs 495
Illustration: Articles are marked at a price which gives a profit of 25%. After allowing a certain discount, the profit reduces to . Find the discount percent.
Solution: Let the C.P. of an article be Rs 100. Then, to attain a profit of 25%, marked price must be 25% more than the cost price.
So, Marked price = Rs 100 + Rs 25 = Rs 125
After allowing a certain discount the profit reduces to .
So, Profit =
So, S.P. = C.P. + Profit
Now, M.P. = S.P. + Discount
Discount = M.P. - S.P.
So, Discount %
Hence, discount = 10%
A shop selling sewing machines offers 3% discount on all cash purchases. What cash amount does a customer pay for a sewing machine the price of which is marked as Rs 650. | |||
| Right Option : C | |||
| View Explanation | |||
what is the formula of discount percent ? | |||
| Right Option : C | |||
| View Explanation | |||
A trader marks his goods 40% above the cost price and gives a discount of 20% on market price.the gain % is | |||
| Right Option : C | |||
| View Explanation | |||
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