The discount per cent is calculated on the_________ price of an article.
Text Solution
AI Generated Solution
The correct Answer is:
To answer the question: "The discount percent is calculated on the_________ price of an article," we need to identify the correct term that fills in the blank.
### Step-by-Step Solution:
1. **Understanding Discount**:
- A discount is a reduction in the price of an item, often expressed as a percentage of the original price.
2. **Identifying the Price Types**:
- There are typically two main prices associated with an article: the **Marked Price (MP)** and the **Selling Price (SP)**.
- **Marked Price**: This is the original price or the price displayed on the article.
- **Selling Price**: This is the price after the discount has been applied.
3. **Calculating Discount Percent**:
- The discount percent is calculated based on the marked price. The formula for calculating discount percent is:
\[
\text{Discount Percent} = \left( \frac{\text{Discount}}{\text{Marked Price}} \right) \times 100
\]
- This means that the discount is taken from the marked price, not the selling price.
4. **Conclusion**:
- Therefore, the correct term to fill in the blank is **"marked"**. The complete sentence reads: "The discount percent is calculated on the **marked** price of an article."
### Final Answer:
The discount percent is calculated on the **marked** price of an article.
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