Price discount

Price discount occurs when items are sold at a reduced cost.

Terms to know:

List price: Regular price of an item.

Discount: A reduction made from the regular price

Sale price: The reduced cost of an item

Discount rate: Percent that the price is reduced.

To find a sale price, use the following formulas:

Sale price = List Price -Discount

Discount = (List Price) times (Discount Rate)

Exercise # 1:

Find the sale price for an item that has a list price of 100 dollars and a discount rate of 25 %

Discount = 100 times 25% = 100 times 0.25 = 25

Sale price = List Price - Discount Price = 100 - 25 = 75 dollars.

Exercise # 2:

Find the sale price of an item that has a list price is 24 dollars and a discount rate of 50 %

Discount = 24 times 50% = 24 times 0.50 = 12

Sale Price = List Price - Discount = 24 - 12 = 12 dollars.