Statement problems involving Discount Recap If Marked Price

Statement problems involving Discount

Recap 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.

Example 1: 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 % To find Discount %, we first have to find the discount amount Discount = Marked Price – Selling Price = 1500 – 1350 = 150 Ans: Discount % =10

Example 2: - A bicycle marked at Rs 220 and discount % is 20. What is the selling price? Solution Given : M. P = Rs 220, discount% = 20 To Find: Selling price To find selling price , we first have to find the discount amount We know that Selling Price = Marked Price – Discount = 220 – 44 = Rs 176 Ans: Discount = Rs 44 and Selling price = Rs 176

Try these 1. A bicycle marked at Rs. 900 is sold for Rs. 873. What is the percentage of discount? 2. A bicycle marked as Rs. 500 and discount % is 30 What is the selling price?