Question

To find the reduced price, rate of ………. should be known.​

Answer 1

Answer:

Companies offer discounts to customers for a variety of reasons. A business may be trying to attract a new customer demographic, or it may be trying to increase customer demand for a certain product or service. Whatever the reason for offering a discount, companies must make sure they can either break even or make a profit at a lower price. For some companies, a small initial loss in revenue can be worth the increased customer base.

There are two main ways to offer a discount: The first is a percentage off the original price, and the second is a specific dollar amount off of the original price. In this article, we explain how to calculate a discount and provide examples