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Find discount is percent when M.P. $ = Rs.900$ and S.P. $ = Rs.873$

Last updated date: 13th Jun 2024
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Hint:Mark Price: 'selling price' is the amount you actually pay for the thing when you purchase. 'marked price' is the general price of the thing without any discount. 'discount' is a percentage of the marked price.
Discount: Means the condition of the price of a bond that is lower than the face value. The discount equals the difference between the price paid for and its par value. Discount is a kind of reduction or deduction in the cost price of a product.
Sell Price: Every day we note a variety of situations where we need to calculate or compare things. in “percent”. Mostly the situations related to selling or buying of items. We use Selling price to sell the article on a particular cost and that can be calculated using the selling price formula.
Discount is what Amount of less given by the seller to the customer.
Discount $ = \dfrac{{Marked\,price - Selling\,price}}{{Marked\,price(M.R.)}}$
Discount $\% = \dfrac{{M.P - S.P}}{{M.P}} \times 100$
Discount is always given on Market price i.e. not on cost price.

Complete step-by-step answer:
Given marked price $ = Rs.900$
Given discount price $ = Rs.873$
After Selling the product discount is given on Market price
Discount $ = 900 - 873$
                  $ = 27$
Discount $\% = \dfrac{{discount}}{{Marked\,price}} \times 100$
Discount $\% = \dfrac{{27}}{{900}} \times 100$
Discount $\% = 3\% $
Total discount $ = 3\% $

Note:Discount $\% $ can be calculated by using calculation of Discounted money divided by the total money i.e. Marked price
Multiplied by $100$.
Marked price is what Amount Applied by seller After Adding Cost price and profit into that product to be sold it to the costumer.