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Worked Examples · Example 5

Q.The marked price of a shirt is ₹1,500 and a discount of 12% is allowed on it. Find the discount amount and the selling price.

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Here the marked price is MP=₹1,500MP=₹1{,}500 and the rate of discount is d=12%d=12\%, reckoned on the marked price.

Step 1 — Find the discount amount.

Discount=d100×MP=12100×1500=₹180.\text{Discount}=\frac{d}{100}\times MP=\frac{12}{100}\times1500=₹180.

Step 2 — Find the selling price.

SP=MP−Discount=1500−180=₹1,320,SP=MP-\text{Discount}=1500-180=₹1{,}320,

or directly SP=MP(1−12100)=1500×0.88=₹1,320.SP=MP\left(1-\dfrac{12}{100}\right)=1500\times0.88=₹1{,}320. …

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