Question

please solve the question discount is always calculated on reasons

Answer 1

Suppose, while purchasing different articles from the market, we must have seen that most of the articles have their prices printed on them or their prices are written on the labels attached to them. This price, printed on an article or written on the label attached to it, is called its marked price(M.P.) or list price or advertised price.

Now in order to clear surplus stock or to increase the sales of different articles, the shopkeepers at different occasions announce some discount sale, i.e., they reduce the price of their articles by certain rate percent.

This discount or rebate means a reduction in the price which is always calculated on the marked price of the article.

Selling Price = Marked Price - Discount

i.e. S.P. = M.P. – Discount