- Discount is a reduction given on the Marked Price
Discount is a reduction given on the Marked Price (MP) of the article.
This is generally given to attract customers to buy goods or to promote sales of the goods. You can find the discount by subtracting its sale price from its marked price.
So, Discount = Marked price – Sale price
If the percentage of discount is x, then
`x/100` = `"Discount given"/"Marked price"`
The marked price of a ceiling fan is Rs 720. During off season, it is sold for Rs 684. Determine the discount percent.