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Question
Fill in the blank.
Discount = _______ ______.
Fill in the blank.
Discount = _______ ______.
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Solution
Discount rate
The discount rate is the price of the total quantity/amount usually less than its original value.
Marked price is the cost set by the seller as per the market standard and selling price is the price at which the product or commodity has been sold.
When the selling price is less than the marked price, then the buyer has said to be got some discount on it.
Discount = Marked price – Selling price
Where,
M.P(Marked Price) = Actual price of the product without discount.
S.P(Selling Price) = Customers pay for the product.
Discount = Percentage of the marked price
Discount rate (DR) = p x r
Where,
p = principal amount
r = interest rate
Discount rate
The discount rate is the price of the total quantity/amount usually less than its original value.
Marked price is the cost set by the seller as per the market standard and selling price is the price at which the product or commodity has been sold.
When the selling price is less than the marked price, then the buyer has said to be got some discount on it.
Discount = Marked price – Selling price
Where,
M.P(Marked Price) = Actual price of the product without discount.
S.P(Selling Price) = Customers pay for the product.
Discount = Percentage of the marked price
Discount rate (DR) = p x r
Where,
p = principal amount
r = interest rate
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