Arithmetic
Additive Identity
Associative Property
Averages
Brackets
Closure Property
Commutative Property
Conversion of Measurement Units
Cube Root
Decimal
Distributivity of Multiplication over Addition
Divisibility Principles
Equality
Exponents
Factors
Fractions
Fundamental Operations
H.C.F / G.C.D
Integers
L.C.M
Multiples
Multiplicative Identity
Multiplicative Inverse
Numbers
Percentages
Profit and Loss
Ratio and Proportion
Simple Interest
Square Root
Unitary Method
Algebra
Algebraic Equation
Algebraic Expression
Cartesian System
Linear Equations
Order Relation
Polynomials
Probability
Standard Identities & their applications
Transpose
Geometry
Basic Geometrical Terms
Circle
Curves
Angles
Define Line, Line Segment and Rays
Non-Collinear Points
Parallelogram
Rectangle
Rhombus
Square
Three dimensional object
Trapezium
Triangle
Quadrilateral
Trigonometry
Trigonometry Ratios
Data-Handling
Arithmetic Mean
Frequency Distribution Table
Graphs
Median
Mode
Range
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

Follow us on :

Terms & Conditions

All rights reserved