# Concept of Discount

It is usually seen that the retailers cannot sell defective items, old items, etc. at the retail-selling price. If these items are sold at lower price, then it is called sale price.

** The difference between marked price (selling price) and the sale price, is called discount.**

In other words, a reduction in the price of an article for payment in cash is called discount.

Hence** **** **

Discount is usually given as a percentage of the original price.

**Example:**

A watch priced at Rs.160 is sold for Rs.140. Find percentage discount.

**Solution:**

Let Marked Price = Rs.160

Sale Price = Rs.140

Discount = Marked Price – Sale Price = 160 – 140 = Rs.20

Percentage Discount = x 100 =

**Example:**

The marked price of a machine is Rs.600. A discount of 6% is given during a sale. What is the sale price of the washing machine?

**Solution:**

Let Marked Price = Rs.600

Discount Rate = 6%

Discount = 6% of the marked price = x 600 = Rs.36

Sale Price = Marked Price – Discount = 600 – 36 = Rs.564