DISCOUNT

                                                              DISCOUNT

Market price – The printed price or the tagged price of an article is called its marked price. It is also called the list price.

Discount – Discount is the amount allowed as rebate by a dealer to a customer on the marked price of the article. Discount is generally given as per cent.

Net Price – The selling price at which the article is sold to the customer after deducting the discount from the marked price is called the net price.

Formulae –

                                S.P. = M.P. – Discount

                               

                                Rate of discount = Discount% =

                                S.P. = M.P.

                                M.P. =