So the cost of item after discount is 1000-100= 900 Rupees.

## How much will an item cost if 10% discount is given on the marked price ₹ 100?

10% discount is given on the marked price. Therefore, if marked price is ₹ 100, then selling price is ₹ 90.

## What is the selling price of an article if 8% discount is given on the marked price of ₹ 1200 *?

Answer. Step-by-step explanation: 1104 is correct.

## When an item is sold at a discount of 20% then there is a profit of 3.85% but if the profit is calculated on the sum of the purchase price and the selling price instead of the purchase price so how much was the item marked by the cost price?

Cost price + profit = sales price. 80% +20% =100%. We have to assume sales as 100% as profit is calculated on sales. Since profit is 20% on sale, therefore cost will be 80% on sale.

## On what price discount is allowed?

Cash Discount is allowed to the customers to whom goods sold on credit. Cash discount is allowed to speed up the cash collection. If a customer is making the payment within the specified period, a certain percentage is allowed on the the payment made by the customer.

## On which price discount is calculated?

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.

## How do you take 20% off a price?

How do I take 20 % off a price?

- Take the original price.
- Divide the original price by 5.
- Alternatively, divide the original price by 100 and multiply it by 20.
- Subtract this new number from the original one.
- The number you calculated is the discounted value.
- Enjoy your savings!

## Is discount calculated on marked price?

The price on the label of an article is called its marked price(list price). The deduction on the marked price is called discount. (b) Discount is always calculated on marked price unless otherwise stated.

## What is the formula of selling price?

Calculate Selling Price Per Unit

Divide the total cost by the number of units bought to obtain the cost price. Use the selling price formula to find out the final price i.e.: SP = CP + Profit Margin.

## What is marked price formula?

Amount of discount is = Marked Price – Selling Price. In other words we can say that = (1500 – 1350) = Rs 150. Discount for Rs. 1500 =Rs 150. Therefore, the Discount for Rs 100 = (150/1500) × 100 = 10%

## When a cycle is sold allowing 10% discount on its marked price a seller gains 5% and allowing 5% discount the profit is Rs 351 find the cost price of the cycle?

When a cycle is sold allowing 10% discount on its marked price a seller gains 5% and allowing 5% discount the profit is. Rs 351. Find the cost price of the cycle. (Ans: Rs.

## What is profit on cost if profit on sale is 20%?

If the cost price is 100 Rs. Then selling price = 120 Rs. and gain = 20 Rs. Hence option [A] is the right answer.

## What is the meaning of 20% profit?

Let’s say that the selling price is $100. Then, 20% profit means that the cost price is $80 and $20 is the profit obtained.

## Is discount allowed an asset?

Discount allowed acts as an additional expense for the business and it is shown on the debit side of a profit and loss account. Is discount allowed an asset? Discounts are neither an asset nor a liability.

## Is discount allowed a direct expense?

Sales discounts are not reported as an expense. Rather, sales discounts are reported as a reduction of gross sales. … Discount allowed is a Direct Expenses.