## HOW TO GET PERCENT OF DISCOUNT

How to get percent of discount ?

Here we are going to see how to find percent of discount.

What is discount ?

Discount is the reduction in value on the Marked Price or List Price of the article.

List price (or) Marked price :

The normal price attached to the article before the discount made is called as marked price (or) list price of the article.

Discount percent : Discount amount : Example 1 :

A bicycle marked at \$1500 is sold for \$1350. What is the percentage of discount?

Solution :

Given : Marked Price = \$1500, Selling Price = \$1350

Amount of discount = Marked Price – Selling Price

=  1500 – 1350

=  \$150

Discount for \$1500 = \$150

Percent of discount  =  (150/1500) ⋅ 100

=  (1/10) ⋅ 100

=  10%

Percentage of discount = 10%.

Example 2 :

The list price of a frock is \$220. A discount of 20% on sales is announced. What is the amount of discount on it and its selling price?

Solution :

Given : List (Marked) Price of the frock = \$220,

Rate of discount = 20%

Amount of discount = (20/100) ⋅ 220

=  \$44

Selling Price of the frock = Marked Price – Discount

= 220 – 44

=  \$176

Example 3 :

A toy is on sale for 40% off. If the original price was \$40, what is the new sales price?

Solution :

Marked price  =  \$40

Discount percent  =  40%

Discount amount  =  40% of 40

=  (40/100) ⋅ 40

=  16

By subtracting the discount amount from marked price, we may get the sale price.

Sale price  =  40 - 16

=  \$24

Example 4 :

After serious negotiating you got \$25 discount on a pair of sneakers. If the original price of the sneakers was \$125, what percentage discount did you get?

Solution :

Discount amount  =  \$25

Original price of the sneaker  =  \$ 125

Discount percent

=  (Amount of discount / Original price) ⋅ 100

=  (25/125) ⋅ 100

=  20%

Hence the percent of discount we get is 20%.

Example 5 :

If you buy 2 pens you get a 50% discount on the second pen. If 1 pen costs \$2.30, how much will 2 pens cost you?

Solution :

Cost of 1 pen  =  \$2.30

Discount for the second pen  =  50%

Discount amount for the second pen  =  50% of 2.30

=  (50/100)  ⋅ 2.30

=  1.15

Cost price of 2 pens  =  2.30 + 1.15

= \$ 3.45 After having gone through the stuff given above, we hope that the students would have understood, how to find percent of discount.

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