Question

MEDALS AND A FAN

What is a quick definition of percent of discount?

Answer 1

The rate of reduction of price from MP to SP.

So if Marked price = 100, and Selling price = 80,

Then discount = 20, hence % of discount = Discountx100/Marked price

=> 20x100/100 = 20% = Rate of discount or % of discount.

Answer 2

thank you very much!!!!