Question

Define a. marked price
b. discount​

Answer 1

Answer:

Step-by-step explanation:

The price on the label of an article/product is called the marked price or list price. This is the price at which product is intended to be sold. However, there can be some discount given on this price and the actual selling price of the product may be less than the marked price.

The noun discount refers to an amount or percentage deducted from the normal selling price of something. If you wait until after the holiday, you can often buy goods at a steep discount — just make sure you need all that stuff. The noun discount means a reduction in price of a good or service.

Answer 2

$\large\mathcal\color{aqua}{Marked\:Price\::}$

• The prices of items are marked according to the price quoted by the factory/industry is called marked price
• It is also called as "listed price" or "catalogue"

[tex]\large\mathcal\color{blue}{Discount\::-}[/tex]

• Discount is a decreased percentage of marked price . It is also called "rebate"
• Discount is always allowed on marked price . It's also called Price reduction.