1 / 14

COMPARING QUANTITIES

COMPARING QUANTITIES. DISCOUNT. Learning Objective. To find discount per cent offered in buying – selling situations. To reinforce the concept of percentage and it’s application. To find cost price ,selling price , given profit or loss percent.

martena-burnett
Download Presentation

COMPARING QUANTITIES

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. COMPARING QUANTITIES DISCOUNT

  2. Learning Objective To find discount per cent offered in buying – selling situations. To reinforce the concept of percentage and it’s application. To find cost price ,selling price , given profit or loss percent. To find selling price of an article when discount or rebate is offered.

  3. INTRODUCTION Discount is a reduction on the Marked Price (M.P.) of an article . Discount is generally given to attract customers to buy goods or to promote sales of a good. Marked Price is sometimes called List Price.

  4. Since Discount is on Marked Price , therefore Marked Price is used as base. M.P.= Marked Price S.P. = Selling Price DISCOUNT = M.P. - S.P.

  5. DISCOUNT PERCENT Discount can be found when discount % is given. Discount percent = Discount x 100 Marked Price Discount % = Discount x 100 M.P.

  6. Relation between C.P. , S.P. , M.P. M.P. │ ( discount) S.P. │ ( gain / loss ) C.P.

  7. FORMULAE M.P. = S.P. + Discount S.P. = M.P. - Discount S.P. = C.P. + Gain S.P. = C.P. - Loss

  8. FORMULAE Gain % = Gain x 100 C.P. Loss % = Loss x 100 C.P. Discount % = Discount x 100 M.P.

  9. Examples The price of a Tee Shirt was slashed from Rs 960 to Rs 816 in a shop. Find the rate of discount given. Solution: M.P. = Rs 960 , S.P. = Rs 816 . Discount = M.P. – S.P. = Rs 960 - Rs 816 = Rs 144 Discount% = Discount x 100 M.P. Discount % = 144 x 100 = 12 x 10 = 15 % 960 8 Ans 15%.

  10. Example 2. A dealer gives 20 % discount on a purse marked as Rs 250. Find his sale price. Solution : Discount% = Discount x 100 . M.P. Discount = Discount % x M.P. 100 = 20 x 250 = Rs 50 100 S.P. = M.P. - Discount = Rs 250 – Rs 50 = Rs 200 AnsRs 200

  11. Example A dealer must mark his goods at 35 % above the Cost Price and allows a discount of 20 % on the Marked Price. Find his gain or loss % ? Solution : Suppose C.P. = Rs 100 Then M.P. = C.P. + 35% of C.P. = Rs 100 + 35/100 of Rs100 = Rs 100 + Rs 35 = Rs 135

  12. Example: Solution Contd. 3. Solution Contd. : Discount = (Discount % x M.P.) / 100 = (20 x 135 ) / 100 = Rs 27 S.P. = Rs 135 - Rs 27 = Rs 108 Gain = S.P. – C.P. = Rs 108 - Rs 100 = Rs 8 Gain% = Gain/C.P. x 100 = 8/100 x 100 = 8% Ans: gain 8%

  13. WORKSHEET Now solve the following Find the Selling Price when , M.P. = Rs 274 and Discount = 7½ %. 2. Find the Marked Price when, S.P. = Rs 540 and discount = 10%

  14. Made by Moon Gupta The End

More Related