DISCOUNT

AND COMMISSION

Std: VIII

Modern BOOK DEPOT

Cost: Rs. 600

New BOOK DEPOT

Cost: Rs. 400

TEACHER ASKS FOLLOWING QUESTIONS:

1. What do you observe?

2. From which shop will you buy the book and why?

3. What is the difference in the amount?

4. Why do you think he is selling the same book in a lesser amount?

5. What is the other word for lesser price?

DISCOUNT AND COMMISSION

Discount:

“ The difference between the marked price and the lowered selling price is called Discount.”

Discount = Marked price - Selling Price

Rs. 126 Rs. 110

EXAMPLE:

QUESTIONS:

1. What is the actual price marked on it?

2. What is this price called as?

3. What is the selling price of it?

4. How much is the difference in both these prices?

5. How do you calculate the difference?

DISCOUNT PERCENT

The rate of discount given is called discount

percent.

Discount = Marked Price x Discount Percent

Problem #1 A bicycle cost Rs. 2500. If the shopkeeper gives a 5% discount, how much is the discount?

For how much can the customer buy the bicycle?

Given:-

Marked price= Rs. 2500

Discount Percent =5%

To find:-

Selling Price=?

Discount=?

Solution:-

Discount =Marked Price x Discount%

Discount= 2500 x 5

100

Therefore,

Discount = Rs. 125

Discount = M.P. – S.P.

S.P = M.P. – Discount

S.P. = 2500 – 125

S.P. = 2375

Therefore,

Selling Price = Rs. 2375

Problem #2

The marked price of a watch is Rs. 650. If the shopkeeper gives a discount of 8%, what is its selling price?

Given:-Marked Price=Rs. 650Discount % = 8%

To Find:-Discount=?Selling Price=?

Solution:-Discount = Marked Price

x Discount%Discount = 650 x 8

100

Discount = 5 2Therefore,

Discount = Rs. 5 2Discount = M.P. – S. P.S.P. = M.P. – DiscountS.P. = 650 – 52S.P. = 598Therefore, Selling Price = Rs. 598

EVALUATIVE QUESTIONS:

1. Define Discount.

2. What is the formula of discount?

3. What is the formula of discount if discount percent is given?