Question

The deduction made on the marked price is called ..........

Answer 1

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The deduction made on the marked price is called discount.

Answer 2

The deduction made on the marked price is called ....discount..

• discount usually refers to the deduced form of something.
• when deduction is made on the marked price it is known as discount.
• the formula of discount = marked price - selling price
• marked price is also known as list price. this is denoted by MP.
• marked prices are the price which are enlisted on the articles and should be sold at or below that price.
• selling price is the price at which the articles are actually sold to the customer.
• when articles are sold below their marked price, then discount is said to be made.