This page introduces the terms marked-price and discount. It explains that the buyer sees the marked price and has a discount on that, and so discount is calculated as a percent of the marked-price.

discount percent `= 100 xx` (marked price - sale price) `//` marked price.

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A pen has a price tag given as `20` coins. For a customer, shopkeeper offers the pen for `19` coins. Customer buys for `19` coins. What is the sale price?

- `20` coins
- `19` coins
- `19` coins

The answer is "`19` coins"

A pen has a price tag given as `20` coins. For a customer, shopkeeper offers the pen for `19` coins and customer buys for `19` coins. Thus the sale price is `19` coins.

Which of the following term is appropriate for the original tagged price `20` coins?

- marked price
- marked price
- upper price

The answer is "marked price". (as the price is marked on the item).

Which of the following is a meaning for the phrase "marked price"?

- the price that is marked on the item on sale
- the price that is marked on the item on sale
- the price with good marks

The answer is "the price that is marked on the item on sale".

What is the term used to refer "the price that is marked on the item on sale"?

- Pronunciation : Say the answer once

Spelling: Write the answer once

The answer is "marked price".

**Marked price** : The price that is marked on the item on sale is called marked price.

A pen has a price tag given as `20` coins. For a customer, shopkeeper offers the pen for `19` coins and customer buys for `19` coins. Thus the marked price is `20` coins and the sale price is `19` coins.

The difference between mark and sale price is `20-19 = 1` coin. Which of the following term is appropriate to describe the difference?

- discount
- discount
- different from each other

The answer is "discount".

Which of the following is a meaning for the word "discount"?

- a dance form with vampires
- reduction in the amount
- reduction in the amount

The answer is "reduction in the amount".

What is the term used to refer "reduction in the amount"?

- Pronunciation : Say the answer once

Spelling: Write the answer once

The answer is "discount".

**Discount** : The reduction in the marked price is the discount.

The discount is usually given as percentage. Let us consider a pen

• The cost price of the pen is `40` coins.

• The marked price of the pen is `60` coins.

• The discount on the pen is `6` coins.

• After discount the sale price is `54` coins. To announce the discount as percentage, one of the following is used.

• The discount of `6` as percent of cost price `40` coins `=6/40 xx 100` percent

• The discount of `6` as percent of marked price `60` coins `=6/60 xx 100` percent

• The discount of `6` as percent of sale price `50` coins `=6/54 xx 100` percent

Which one of the above is the sensible choice to give the discount percentage?

- as a percent of the cost price
- as a percent of the marked price
- as a percent of the marked price
- as a percent of the sale price

The answer is "as a percent of the marked price". *The customer sees the price tag of `60` coins. So the discount percentage is given as percent of marked price.*

**Discount Percent** : The discount as a percent of the marked-price is the discount percentage.

discount percent `= 100 xx` (marked price - sale price) `//` marked price.

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