DISCOUNT
Definition Of Discount
Discount means reducing the price or value of an object or item.
More About Discount
Regular price minus Sale price gives the amount of discount.
If the discount is given in percent, then the amount of discount can be found by using the formula, Amount of Discount = Regular Price × Rate of Discount.
Example of Discount
Charlie bought a DVD player, which costs $270. But he was given a discount of $30.
Cost at which Charlie bought the DVD player = Original cost of the DVD player - Discount offered on the DVD player
= $270 - $30 = $240
So, Charlie paid $240 for the DVD player after discount.
Video Examples: How to calculate discounts
Solved Example on Discount
Ques: The regular price of a jacket was $50. A discount of 10% was marked on it. Find the price of the jacket after the discount.
Choices:
A. $45
B. $55
C. $48
D. $50
Correct Answer: A
Solution:
Step 1: Discount on the jacket = 10% of $50
Step 2: 10% = 
= 0.1 [Write the percent as a decimal.]
Step 3: 10% of 50 = 0.1 × 50 = 5 [Multiply.]
Step 4: Price of the jacket after discount = regular price of the jacket - discount = 50 - 5 = $45
Step 5: So, price of the jacket after discount is $45.
Quick Summary
- Discount reduces the original price.
- Discount can be a fixed amount or a percentage.
- Sale price is the original price minus the discount.
🍎 Teacher Insights
Use real-world examples to illustrate discounts, such as sales tax or clearance items. Encourage students to estimate discounts before calculating to check their work.🎓 Prerequisites
- Basic Arithmetic
- Percentage Calculations
Check Your Knowledge
Q1: A jacket originally costs $50. If there is a 10% discount, what is the sale price?
Q2: A DVD player costs $270 and has a discount of $30. What is the final price?
Frequently Asked Questions
Q: How do I calculate the final price after a discount?
A: Subtract the discount amount from the original price.
Q: What is the difference between a discount rate and a discount amount?
A: Discount rate is the percentage reduction, while the discount amount is the actual money saved.