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.
Example 1 :
A bicycle marked at $1500 is sold for $1350. What is the percentage of discount?
Given : Marked Price = $1500, Selling Price = $1350
Amount of discount = Marked Price – Selling Price
= 1500 – 1350
Discount for $1500 = $150
Percent of discount = (150/1500) ⋅ 100
= (1/10) ⋅ 100
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?
Given : List (Marked) Price of the frock = $220,
Rate of discount = 20%
Amount of discount = (20/100) ⋅ 220
Selling Price of the frock = Marked Price – Discount
= 220 – 44
Example 3 :
A toy is on sale for 40% off. If the original price was $40, what is the new sales price?
Marked price = $40
Discount percent = 40%
Discount amount = 40% of 40
= (40/100) ⋅ 40
By subtracting the discount amount from marked price, we may get the sale price.
Sale price = 40 - 16
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?
Discount amount = $25
Original price of the sneaker = $ 125
= (Amount of discount / Original price) ⋅ 100
= (25/125) ⋅ 100
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?
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
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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