Discount and Discount Percentage: Whenever we buy a particular product, we can hear a word called Discount which is a decrease in an amount from the price which is listed for an item ahead and sold. For increasing the products, a price is provided for the customers known as Discount. This article favors the students regarding the way to Calculate the Discount and Discount Percentage with the help of Formulas, Example problems which are explained clearly.
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Discount, Percentage of Discount – Definition
The decreased price for a product ahead it is sold is known as a Discount. It is obtained by subtracting the selling price from a List price. i.e. You need to know the List price and Selling price of a product To Evaluate the Discount. The Discount price is stated in terms of Percentage. After knowing the Discount for a particular product we can calculate the percentage of the Discount.
Discount and Discount Percentage Formula
Formulas for calculating the Discount and Discount Percentage as Below
Discount = List Price – Selling Price
List Price: Price of a product that a manufacturer displays to rate.
Selling Price: the price of a product that a buyer intends to pay.
Discount % = (Discount / List Price )*100;
How to Calculate the Discount and Discount Percentage?
Simply view the following simple steps manually to find out the Discount and Discount percentage in order to avoid confusion when performing the simplifications.
- Note the listing price and selling price for a product.
- The difference between the List Price and Selling Price gives us the Discount.
- Then divide Discount value with List Price and multiply with 100.
- The overall Result gives us the Discount Percentage.
Discount and Discount Percentage Examples
Question 1: When an eraser manufacturer labels the price as Rupees 35 and shopkeeper selling at 25. Calculate the Discount for the eraser?
Solution:
1. Given List Price of a book =35 and selling Price of a book = 25
2. Substitute both the price values in the discount Formula i.e. Listing price – Cost Price
= 35-25
= 10
3. The discount obtained is 10.
Question: 2. when the list price of a pencil is Rupees 40, and Rupees 25 discount is given over the pencil, then Find out the Discount percentage of a pencil.
Solution:
1.Given List Price of a book = Rupees 40 and Discount to the pencil =Rupees 25
2. If Discount and List Price are given we know the formula Discount % = (Discount / List Price )*100;
3. Discount % = (25 / 40 )*100;
= 0.625 *100;
= 62.5%
4.The discount percentage for pencil is 62.5%
Question 3: The Listing price of a Dining Table is 1375 Rupees and the owner allows a discount of 8% on the Dining Table. What is the selling price of the Dining Table?
Solution:
1. Given the Listing price of a Dining Table = 1375 Rupees and discount = 8% of Listing Price
Selling Price =?
2. submit the given values in the discount Formula as below.
Discount= 8 % of Listing Price
= (8/100).1375
= 110
3. Submit the obtained Discount in Formula
Discount = List Price – Selling price
110 = 1735 – Selling Price
Selling Price = 1375-110
= 1265 Rupees
4. Hence the selling Price of the Dining Table is 1365 Rupees.
FAQs on Calculating the Discount and Discount Percentage
1. What is a Discount?
It indicates the amount of price-reduced when purchasing a product.
2. How to calculate the Discount when the Selling price and Listing Price are given?
Use the Formula Discount = List Price – Selling Price
3. How to calculate the discount percentage?
It is the amount of Discount which is stated in the phrases of percentage.
4. how to calculate the percentage Discount?
using the formula Discount % = (Discount / List Price )*100;
5. Does the Listing price needed in the calculation of Discount percentage?
yes, it is needed.