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Home >> Profit and Loss >> Discount >>

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

 Discount Percentage

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