Discount General Questions and Answers
Discount MCQ – General Questions Practice Online Aptitude Test and find out how much you score before you appear for your next interview and written test.
Calculating the discount is one of the most useful mathematical skills. We will apply it to give the tips at a restaurant, and sales in stores, and also set rates for own services. The basic way to calculate a discount is to multiply the original price by the decimal form of the given percentage rate. To calculate the sale price of any item, we need to subtract the discounts from the original price. This article will help students to understand the concept of discount and formula with examples. Let us learn the concept in an easy way
Procedure to solve
- The rate is usually gives as a percentage value.
- To solve , we have to multiply the rate by the original price.
- To find the sale price, we have to subtract the discount from the original price
What is a Discount
The term discounts refers to the amount or percentage deducted from the normal selling price of something. It means a reduction in the price of a good or service. For example , We may ask the manager for a discounts if the item is damaged.
Discounts refers to the condition of the price of a bond that will be lower than the face value. It is a type of reduction or deduction in the cost price of a product. It is often used in consumer transactions , Where people are provided with discounts on different products.
Real Discount Formula
The formula is below here with percentage.
Discount= ListPrice−SellingPrice
SellingPrice= ListPrice-Discounts
ListPrice= SellingPrice+Discounts
Also, the percentage Formula is below as:
RateofDiscount= Discount% =(Discount/ListPrice)×100
SellingPrice= {ListPrice(100−discount%)} /100
ListPrice=SellingPrice{100 / (100−discount%)}