Discount and market price are two of the most important concepts in mathematics. These two concepts are also studied in finance and economics and play an important role in the real life market scenario. Let’s try to understand both the concepts in this post.

Market price is the price that is written in the price tag of a product. It is the amount that one needs to pay to buy a product. At times, customers are allowed to buy the product at a lesser price than the market price. For example: The market price of

Example 1: The market price of

Discount = Market Price – Selling Price

Discount = 199 – 190

= Rs. 9 is the discount offered on

Example 2: Mary bought

Discount = Market Price – Selling Price

Discount = 50 – 40

= Rs. 10 is the discount offered on kids toy guns by Mary.

Discount Percentage

The discount percentage is calculated on market price. The mathematical formula to find out discount percentage is [Discount / MP] X 100.

Example: Arun bought mobile phone for Rs.10000 and sold it out at Rs.9500. Find the discount and discount percentage:

Discount = Market Price – Selling Price

Discount = 10000 – 9500 = 500

Discount Percentage = [Discount / MP] X 100

= [500 / 10000] x 100

= 5%

The discount offered by Arun is 5%.

These are the basics on discount and discount percentages.

Market price is the price that is written in the price tag of a product. It is the amount that one needs to pay to buy a product. At times, customers are allowed to buy the product at a lesser price than the market price. For example: The market price of

**cot mobile for kids**was Rs. 50. Maria was allowed to buy the same in Rs.45. Therefore, Rs. 5 is the discount offered to Maria while buying cot mobile for kids. The mathematical formula of finding discount price is Discount = Market Price – Selling Price (MP – SP).Example 1: The market price of

**action figure toy**is Rs.199. It is available in online shops for Rs.190. What is the discount offered?Discount = Market Price – Selling Price

Discount = 199 – 190

= Rs. 9 is the discount offered on

**action figure toy**in online shops.Example 2: Mary bought

**kids’ toy guns**at Rs. 50 and sold it for Rs. 40. What is the discount offered?Discount = Market Price – Selling Price

Discount = 50 – 40

= Rs. 10 is the discount offered on kids toy guns by Mary.

Discount Percentage

The discount percentage is calculated on market price. The mathematical formula to find out discount percentage is [Discount / MP] X 100.

Example: Arun bought mobile phone for Rs.10000 and sold it out at Rs.9500. Find the discount and discount percentage:

Discount = Market Price – Selling Price

Discount = 10000 – 9500 = 500

Discount Percentage = [Discount / MP] X 100

= [500 / 10000] x 100

= 5%

The discount offered by Arun is 5%.

These are the basics on discount and discount percentages.

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