Question

anyone know MP and discount

Answer 1

Hlo friend, here is your answer.


In malls and departmental stores, every item is tagged with a card and its price is written on it which is called marked price (M.P.) or list price (L.P.).


In order to decrease the sale or clear the old stock, sometimes the shopkeepers offer a certain percentage of rebate on the marked price. This rebate is called discount.


Thus, Selling Price = Marked Price - Discount

Discount = Marked Price - Selling Price

Marked Price = Selling Price + Discount

Discount % = Discount/Marked Price × 100


Hope it helps you.

With regards@

Tanisha