Concept of Marked Price - Concept of Discount - Concept of Cost price and Selling price - Class 8
Channel: Math Solutions Foundation
Date: 2021-02-01

You might have seen while buying goods that on every article there is a price marked. This price is known as the marked price (M.P.) of the article. In order to clear the stocks or to increase sales, sometimes shopkeepers offer a certain percent of rebate on the marked price for cash payments. This rebate is known as discount. The customer or buyer pays the difference between the marked price and the discount.
Concept of marked price and Discount - R D Sharma Class 8 Math Solutions - R S Aggarwal Math solutions - NCERT Book solutions Class 8 Chapter 13 Profit, Loss, Discounts and Value Added Tax.