How Discount Works?
Discounts are given on the marked price which reduces the selling price of the object or services. It is calculated using the formula,
- Discount(D) = Marked Price(M.P.) – Selling price(S.P.)
- Discount Percentage = Discount/Marked Price × 100
Article related to Discount Formula:
Discount Formula
Discount in Mathematics is defined as the reduction in price of any service and product. Discount is offered by the business owner to easily and quickly sell their product or services. Giving discounts increases the sales of the business and helps the business retain its customer.
Discount is always calculated on the marked price of the object. In the sale of an object Cost Price, Selling Price, Profit, Loss, and discount are calculated. We have to study the Discount Formula in Class 8.
Here in this article, we will learn about the discount definition, types of discounts, discount formula, discount rate, and its solved examples and others in detail.