alleryA discount is a reduction given on which price of an article?
AThe cost price
BThe marked price
CThe sale price
DThe wholesale price
Answer & Solution
Correct answer: B. The marked price
1. A shop shows a price on the tag, which is the marked price or list price.
2. Discount is a reduction given on the marked price of the article.
3. It is offered to attract customers or to promote sales.
4. Subtracting the sale price from the marked price gives the discount.
5. The cost price is what the seller paid, and it is not what the discount is measured against.
_Source: syllabus Maths, Ch 7 'Comparing Quantities', S7.2 Finding Discounts_
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