Question

Find the discount,if MP=₹58 and SP=₹56.84.
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Answer 1

$\huge{ \underline{ \overline{ \mid{ \mathfrak{ \purple{ \: \: ANSWER \: \: } \mid}}}}}$

Given,

$\: \: \: \: \: \sf{Marked \: \: Price, M.P. = Rs. \: 58} \\ \\ \: \: \: \: \: \sf{Selling \: \: Price, S.P. = Rs. \: 56.84}$

To find :

$\: \: \: \: \: \: \huge{ \sf{Discount = ? }}$

Discount in rupee :

$\texttt{\underline{ \large{\: We know that,\:}}} \\ \\ \boxed{ \rm{ \pink{Discount = Marked \: \: Price - Selling \: \: Price}}}$

Hence, using this formula,

$\: \: \: \: \: \: \: \: \: \large{\tt{ Discount = M.P. - S.P. }} \\ \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \large{ \tt{= Rs. 58 - Rs. 56.84} } \\ \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \large{ \tt{= Rs. 1.16}} \\ \\ \: \: \: \: \: \: \: \rm{So,} \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \rm{ Discount \: \: amount \: \: is \: \: \red{Rs. \: 1.16}.}$

Discount in percentage :

$\texttt{\underline{ \large{\: We know that,\:}}} \\ \\ \boxed{ \rm{ \pink{Discount \: \: percentage = \frac{ \: Discount \: }{Marked \: \: Price } \times 100 \: }}}</p><p>$

Hence, using this formula,

$\: \: \: \: \: \: \large{ \tt{ Discount \: \: percentage = \frac{ \: Discount}{M.P.} \times 100 }} \\ \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \large{ \tt{= \frac{1.16}{58} \times 100 }} \\ \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \large{ \tt{= \frac{116}{58}}} \\ \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \large{ \tt{ = 2}} \\ \\ \: \: \: \: \: \: \: \: \: \: \large{ \rm{ \: \: \therefore \: \: Discount \: \: rate \: \: is \: \: \red{2\%}.}}$

$\large{ \underline{ \overline{ \mid{ \mathcal{ \purple{ \: \:ADDITIONAL \: \: INFORMATION \: \: } \mid}}}}}$

➳ Marked Price (M.P.) is the price which is printed on the label of an article or a product. It is also called list price.

➳ Selling Price (S.P.) is the price in which the seller/shopkeeper sale an article or a product.

➳ The amount of rebate given to the buyer/customers by the shopkeeper/seller on the marked price of an article or product.

➤ When discount is given to the customers, then the marked price is greater than selling price.

➺ M.P. > S.P.

➤ When discount is not given to the customers, then the marked price is less than the selling price.

➺ M.P. < S.P.