MCQ
On what a discount is calculated?
- AS.p.
- BM.p.
- ✓Marked price
- DNone of these
✓
Answer
Correct option: C.
Marked price
Discount refers to the condition of the price of a bond that is lower than the face value. The discount equals the difference between the price paid for and it’s par value.
Discount is a kind of reduction or deduction in the cost price of a product. It is mostly used in consumer transactions, where people are provided with discounts on various products. The discount rate is given in percentage.
Example: Find the $S.P.$ if
$M.P. = 1300$
Discount $= 10 \%$
By using the formulas
$SP$ = Marked price $(MP)$ - Discount
$\text{Discount}= \frac{(\text{MP }\times\text{ Discount}\%)}{100}$
$\text{Discount}\%= \frac{(\text{Discount})}{\text{MP}\times100}$
By using,
$\text{Discount}=\frac{(\text{MP}\times\text{Discount}\%)}{100}$
$= \frac{(1300\times10)}{100}$
$=\text{Rs. }130$
$SP = MP$ - Discount
$= (1300 - 130)$
$= Rs. 1170$
Discount is a kind of reduction or deduction in the cost price of a product. It is mostly used in consumer transactions, where people are provided with discounts on various products. The discount rate is given in percentage.
Example: Find the $S.P.$ if
$M.P. = 1300$
Discount $= 10 \%$
By using the formulas
$SP$ = Marked price $(MP)$ - Discount
$\text{Discount}= \frac{(\text{MP }\times\text{ Discount}\%)}{100}$
$\text{Discount}\%= \frac{(\text{Discount})}{\text{MP}\times100}$
By using,
$\text{Discount}=\frac{(\text{MP}\times\text{Discount}\%)}{100}$
$= \frac{(1300\times10)}{100}$
$=\text{Rs. }130$
$SP = MP$ - Discount
$= (1300 - 130)$
$= Rs. 1170$
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