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Solved Problems
Home >> Profit and Loss >> Discount >>

## Discount is the difference of Marked Price and Selling Price

 Discount Percentage

 Before you study What is Discount, you are adviced to read: What is Selling Price or SP and What is Marked Price ? What is Discount In order to attract buyer and increase his sale, seller use this terminology "Discount" . Discount is the difference of Marked Price and Selling Price Or we can write it in a Mathematical formula: Discount = Marked Price - Selling Price Example 1 : Shirt whose marked price is \$20 is sold at \$18. Find the discount ? Solution: As per the given question: Marked Price = \$ 20 Selling Price = \$18 Apply formula of Discount (as explained above) and we get: Discount = Marked Price - Selling Price Put values of marked price and selling price from above and we get: Discount = \$20 - \$18 Solve the subtraction expression and we get: = \$2 Hence, shirt is sold at a discount of \$2. Find Marked price when selling price and discount is given: For solution under this situation, we use the same formula; only difference is in calculation. This is explained with the help of example 2: Example 2: Shop keeper gave discount of \$1 and sold a book at \$10. Find the marked price of the book ? Solution: As per the given question: Discount on book = \$1 Selling Price of book = \$10 Apply the same formula of discount: Discount = Marked Price - Selling Price Put values of marked price and discount from above and we get: \$1 = marked price - \$10 Add \$10 on both side and we get: \$11 = marked price Or we can write it as: Marked price = \$11 Hence, marked price of shirt is \$11 Find Selling price when marked price and discount is given ? For solution under this situation, we use the same formula only difference is in calculation. This is explained with the help of example 3: Example 3: Shop keeper sold a toy at discount of \$5. Marked price of toy was \$25. Find the selling price of toy ? Solution: As per the given question: Discount on toy = \$5 Marked Price of toy = \$25 Apply the same formula of discount: Discount = Marked Price - Selling Price Put values of marked price and discount from above and we get: \$5 = \$25 - selling price Transpose and re-arrange the above equation and we get: Selling price = \$25 - \$5 Solve the subtraction expression and we get: Selling price = \$20 Hence, toy was sold at \$20

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