Find discount Statement

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Presentation transcript:

Find discount Statement

Recap Selling Price(SP) = Marked Price (MP) – Discount(D) If Marked Price and Discount is given Selling Price can be calculated as follows Selling Price(SP) = Marked Price (MP) – Discount(D) If Selling Price and Discount is given Marked Price can be calculated as follows Marked Price (MP) = Selling Price(SP) + Discount(D) If Marked Price and Selling Price is given Discount can be calculated as follows Discount(D) = Marked Price (MP) – Selling Price(SP)

Application of Discounts During festival seasons and in the Tamil month of ‘‘Aadi’’, discounts or rebates of 10%, 20%, 30%, etc., are offered to attract customers by Cooptex, Khadi and other shops for various items to promote sales.

Example1: A bicycle marked at Rs 1,500 is sold for Rs 1,350. What is the percentage of discount? Solution Given : Marked Price = Rs 1500, Selling Price = Rs 1350 To Find: Discount % Discount = Marked Price – Selling Price = 1500 – 1350 = 150 Ans: Discount % =10

Example2:- The list price of a frock is Rs 220 Example2:- The list price of a frock is Rs 220. A discount of 20% on sales is announced. What is the amount of discount on it and its selling price? Solution Given : M.P = Rs 220, discount% = 20 To Find: Discount and Selling price We know that Selling Price = Marked Price – Discount = 220 – 44 = Rs 176 Ans: Discount = Rs 44 and Selling price = Rs 176

Try these A bicycle marked at Rs. 900 is sold for Rs. 873 . What is the percentage of discount? A school bag marked as Rs.500 is sold for Rs.350. what is the percentage of discount?