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Class 10 > What do you mean by marked price, list price, discount?
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What do you mean by marked price, list price, discount?

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+2 Profit, Loss and Discount

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Marked Price: In big shops and departmental stores, every article is tagged with a card and its price is written on it. This is called the marked price of that article, abbreviated as MP. For books, the printed price is the marked price. List Price: Items which are manufactured in a factory are marked...
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Marked Price: In big shops and departmental stores, every article is tagged with a card and its price is written on it. This is called the marked price of that article, abbreviated as MP. For books, the printed price is the marked price. List Price: Items which are manufactured in a factory are marked with a price according to the list supplied by the factory, at which the retailer is supposed to sell them. This price is known as the list price of the article. Discount: In order to increase the sale or clear the old stock, sometimes the shopkeepers offer a certain percentage of rebate on the marked price. This rebate is known as discount. read less
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