|
The marked price of an article that is offered for sale is the
amount written on the price tag.
Shopkeepers sometimes allow the customers to have the article for less
than the marked price. For example, if the marked price is $20, the
shopkeeper may sell the article for $18. The $2 that has been deducted
from the marked price is called a discount.
Discounts are often expressed as percentages, and then always as a
percentage of the marked price.
So, if an article marked at $20 is sold for $18, then:
We say that the article has been discounted by ten per cent.
Example 20
A jeweller discounts a necklace marked at $900 by 25%.
a. How much is the discount?
b. What will a customer pay for the necklace?
Solution:
Key Terms
marked price, discount |
