Question

What is discount ?formula to find discount%

Answer 1

In simple terms, Discount is an allowance or concession in price. Discount is given so that the buyer is induced (lured) to place an order and later to make payment in time.

The basic way to calculate a discount is to multiply the original price by the decimal form of the percentage. To calculate the sale price of an item, subtract the discount from the original price. 

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Answer 2

The amount deducted from the marked price of an article is called discount or trade discount.

The formula to find the discount percentage is discount divided by marked price and multiplied by 100