Practice the questions given in the worksheet on calculating discount on marked price (M.P.)
We know, selling price = marked price - discount
1. A retailer buys an article for $300. He increases its price by 20% and then gives 10% discount on the new price.
(i) Find the new price (marked price) of the article.
(ii) Find the discount given by the retailer.
(iii) Find the selling price.
(iv) Find the profit percent made by the retailer.
2. A car is
marked at $50000. The dealer gives 5% discount on first $20000 and 2% discount
on the remaining $30000.
(i) Find the total discount.
(ii) Find the price changed by the dealer.
3. A dealer buys a machine for $2500. He marks it at $3200 and then gives a discount of 10% on it.
(i) Find the selling price of the machine.
(ii) Find the profit percent made by the dealer.
Answers for the worksheet on calculating discount on marked price are given below to check the exact answers of the above questions on discount and mark up price.
Answers:
1. (i) $360
(ii) $36
(iii) $324
(iv) 8%
2. (i) $1600
(ii) $48400
3. (i) $2880
(ii) 15.2%
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