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Understanding Discounts and Percentage Calculations

This document discusses discount and percentage discount. It defines discount as the reduction from the marked or listed price of an item. It provides the formulas for calculating discount as Marked Price - Selling Price and percentage discount as Discount/Marked Price x 100%. Several examples are given to demonstrate calculating the discount and percentage discount in different scenarios.

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Maria Kim
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164 views12 pages

Understanding Discounts and Percentage Calculations

This document discusses discount and percentage discount. It defines discount as the reduction from the marked or listed price of an item. It provides the formulas for calculating discount as Marked Price - Selling Price and percentage discount as Discount/Marked Price x 100%. Several examples are given to demonstrate calculating the discount and percentage discount in different scenarios.

Uploaded by

Maria Kim
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd

MONEY

Discount and Percentage Discount.


By the end of the lesson the you should be able to:
Explain the term discount.

Write the formulae of calculating discount and percentage discount.

Solve problems related to discount and percentage discount.


Situation
Is
Discount
a reduction made from;
Marked Price:
List price offering to customers

Can also done through bargaining.


Discount

Discount =
Marked price – selling price
Discount is worked out through subtracting selling price from marked price.

Discount = Marked Price – Selling


Price

Discount = M.P. – S.P.


Example
The marked price of a radio was sh. 2400. Atoto bought it for sh. 2100. What discount was she allowed for the
radio?
Solution

Marked price = sh. 2400


Selling price = sh. 2100
Discount = Marked price – Selling Price
= sh. (2400 – 2100)
= shs. 300
Percentage discount

 Percentage Discount is worked out through taking the discount acquired deciding it by the marked price and
then it is multiplied by 100%.

% Discount = Discount
/Marked Price × 100%

Example questions and solutions


 The marked price of a Television set was shs. 12000. John bought it for 10000 after being allowed a discount.
What was the percentage discount?
Solution
Marked price = shs. 12000
Selling price = shs. 10000
Discount = marked price – selling price
12000 – 10000 = 2000
Percentage discount = /Marked Price × 100%
Discount

= 2000 /12000 × 100%


= 162/3%
 Cyrus bought a plastic chair for sh. 900. If the marked price was sh. 1000,
what was the discount?

 What is the percentage discount?


 Discount = Mp – sp

 Sh. 1000 – sh. 900 = sh. 100

 %age discount
= 100
/1000 x 100% = 10%
1. A farmer made a loss of 28% by selling a goat for Sh.1440. What percentage profit
would he have made if he had sold the goat for Sh.2100?
2. Mr. Sitienei sold a house to Mr. Lagat at a profit of 10%. Mr. Lagat then sold it
to Mr. Rotich at a profit of 5%. Mr. Rotich paid Ksh 110,000 more than Mr. Lagat
for the house. Find how much Mr. Rotich paid for the house.
3. A man imported a vehicle at Shs. 600,000 and sold it at Sh. 1,080,0000. Find his
percentage profit if he spent sh. 60,000 for clearing the vehicle from the port and a further
sh. 40,000 for shipping.

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