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Question

_________ is a reduction on the marked price of the article.


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Solution

Define discount on a product :

  1. Discount is the price of the total quantity usually less than the original price.
  2. Market price is the cost set by the seller as per the market standard.
  3. Selling price is the price at which the product or the commodity has been sold.

When the selling price is less than the market price, the the buyer has said to be got some discount on it.

So, Discount is a reduction on the marked price of the article.

Hence, the correct answer is Discount.


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