Question

Formula for finding discount​

Answer 1

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ᴛᴏ ᴄᴀʟᴄᴜʟᴀᴛᴇ ᴛʜᴇ ᴅɪsᴄᴏᴜɴᴛ, ᴍᴜʟᴛɪᴘʟʏ ᴛʜᴇ ʀᴀᴛᴇ ʙʏ ᴛʜᴇ ᴏʀɪɢɪɴᴀʟ ᴘʀɪᴄᴇ. ᴛᴏ ᴄᴀʟᴄᴜʟᴀᴛᴇ ᴛʜᴇ sᴀʟᴇ ᴘʀɪᴄᴇ, sᴜʙᴛʀᴀᴄᴛ ᴛʜᴇ ᴅɪsᴄᴏᴜɴᴛ ғʀᴏᴍ ᴏʀɪɢɪɴᴀʟ ᴘʀɪᴄᴇ.

Answer 2

Discount Formula

Discount refers to the condition of the price of a bond that is lower than the face value. The discount equals the difference between the price paid for and it’s par value.

Discount is a kind of reduction or deduction in the cost price of a product. It is mostly used in consumer transactions, where people are provided with discounts on various products. The discount rate is given in percentage.

Discount=ListPrice−SellingPrice

Therefore,

SellingPrice=ListPrice−Discount

ListPrice=SellingPrice+Discount

Discount Percentage Formula

RateofDiscount=Discount%=DiscountListPrice×100

SellingPrice=ListPrice(100−discount%100)

ListPrice=SellingPrice(100100−discount%)

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