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How much is a marked price above the cost price?
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- Discount Rate Formula
- How to Calculate Discount Rate?
- Discount Rate Example Problems
Where M.P(Marked Price) is the actual price of the product without discount. S.P (Selling Price) is what customers pay for the product. A discount is a percentage of the market price. OR Where p = principal amount r = interest rate
To calculate the discount rate of any product, we need to know the marked price and selling price of the product. Use the formula mentioned above to understand the concept. Also, find the solved example questions given below to get an easy approach to the concept.
Let’s learn how to find the discount with the help of examples. Question 1: Ricky purchased a shirt for $2000. The discount offered for the shirt is 10%. Find how many dollars has he given to the cashier? Solution: Here, Principal amount p = 2000 dollars Interest rate r = 10% Discount rate, DR = p×r DR = 2000×10% = 200 The discount amount for the d...
Q.4: If a pen cost Rs.50 after 10% discount, then what is the actual price or marked price (MP) of the pen? Solution: Since, we know; MP – D = SP. where MP is marked price, D is discount, SP is selling price. Percentage discount, D% = D/ MP x 100. ⇒ D = (D% x MP)/ 100. Substitute value of D in above formula. MP – (D% x MP)/ 100 = SP
- 54 min
- The profit is the amount gained by selling an article at a price greater than its cost price. In contrast, the loss is the amount lost by selling a...
- The formula for profit = Selling price – Cost price The formula for loss = Cost price – Selling price
- In maths, CP represents the cost price, and SP denotes the selling price.
- CP can be calculated with the help of the formulas given below. CP (selling price) when profit% and selling price are given: CP = {100/(100 + P%)...
- We can calculate the SP (selling price) using the formulas given below. SP (selling price) when profit and cost price are given: SP = {(100 + P%)...
As marked price is 20% more than the cost price, CP = 20% of x + x = 1200 => 120x/100 = 1200 => x = (1200 x 100)/120 => x = Rs. 1000. So, the cost price is Rs. 100. Now, a 10% discount is given on the market price and this will be our selling price. So, selling price = 1200 – 10% of 1200 => 1200 – 120 => Rs. 1080.
- The marked price of a ceiling fan is $ 1250 and the shopkeeper allows a discount of 6% on it. Find the selling price of the fan. Solution: Marked price = $ 1250 and discount = 6%.
- A trader marks his goods at 40% above the cost price and allows a discount of 25%. What is his gain percent? Solution: Let the cost price be $ 100. Then, marked price = $ 140.
- A dealer purchased a washing machine for $ 7660. He allows a discount of 12% on its marked price and still gains 10%. Find the marked price of the machine.
- How much per cent above the cost price should a shopkeeper mark his goods so that after allowing a discount of 25% on the marked price, he gains 20%?
Answer: The discount is $1.50 and the sale price is $13.50. Let's take a look at some more examples of calculating discount and sale price. Example 1: In a department store, a $40 dress is marked, "Save 25%."
Examples, Derivation, Formula. Selling Price Formula. The selling price formula is used to calculate the selling price, which is the price at which a product is sold. If we compare the selling price and the cost price of any article, we can find the profit or loss incurred in the transaction.
Calculate. Please provide your input and click the calculate button. Share. Example. About the Discount Calculator. The discount calculator can calculate for you the original price, selling/discounted price, discount, and/or discount percent. It will tell you not just the answers but how to calculate them. Usage Guide. Hide. i. Valid Inputs.
