BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The term “discount” refers to a reduction in the listed or marked price in order to sell a product for a lower price. A discount can be expressed as an amount or as a percent. The difference between the listed price or marked price and the selling price is the discount.

Detailed explanation-2: -Calculate Discount from List Price and Sale Price. The discount is list price minus the sale price then divided by the list price and multiplied by 100 to get a percentage.

Detailed explanation-3: -The formula used to calculate the rate of discount is (discount ÷ list price) × 100. In the formula, the discount is the difference between the marked price and the selling price. Another formula that can be used for calculating discount percentage is [(List price-Selling price)/List price] × 100.