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Happy discount day! Our pdf discount worksheets, awash with exercises involving discount, discount rate, marked price, and selling price, grandly open the discount store for students in grade 6, grade 7, and grade 8. Graduate into prolific discount scholars with our printable tools; do employ the correct formula and validate the answers using the answer key. Our free discount and discount percent worksheets are a great place to start if you are keen to explore the topic of discount soup to nuts!
Finding Discount Amount
Discounts are a relief in an otherwise fast-paced life! Find the discount amount by subtracting the selling price from the marked price, reiterating the life skill of knowing how to calculate a discount amount.
What Is Discount?
When things are outrageously expensive, only a generous discount can help! Here, the 6th grade and 7th grade students subtract the new price from the original price to obtain the price reduction.
Finding Selling Price or Marked Price
Ace the task of calculating the marked price and selling price when the discount amount is given. Selling Price = Marked Price − Discount, and Marked Price = Selling Price + Discount.
Finding Missing Amounts | Complete the Table
In this section of our printable discount worksheets, focus on finding the unknown price to complete the table. Find the discount amount, marked price, or sale price by using the appropriate formula.
Finding Discount Percent
How much discount is enough discount? To find discount rates in a jiffy, you must know the application of percentage in and out. Here's the formula: discount percent = discount amount ÷ marked price x 100.
Finding Selling Price or Marked Price Using Discount Percent
What is the marked price if the selling price is $86 after a discount of 6% is applied? Experience the ease of finding the sale price or marked price in this section of our calculating discount worksheets.
Don't discount yourself, no matter where you're shopping! To solve these printable worksheets, work out the selling prices of items in 2 stores, compare the discount at each store, and find the best price.
Discount Themed Worksheets
It is about discounts! What's more, it is in pdf discount themed worksheets! The discount brokers in grade 6, grade 7, and grade 8 grab every discount around, while boosting their percent application skills.
Discount Word Problems
Students in 7th grade and 8th grade certainly know their money's worth. Calculate the discount amount/discount percent. Find, for example, the discount % when the marked price is $121 and the selling price is $110.
Finding Missing Price | Word Problems
Find the marked price or selling price, given the discount or discount rate. Our word problems gently trickle in one after another, each time presenting a fresh scenario, and you keep finding the missing prices.
Sales Tax Worksheets
Don't let the students falter on their way to becoming financial geniuses! Utilize our specially curated printable worksheets and watch smart learners grow from novices into expert sales tax calculators by delving into a sea of fascinating exercises and word problems.
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Course: 7th grade > Unit 2
Solving percent problems.
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The term discount can be used to refer to many forms of reduction in the price of a good or service. The two most common types of discounts are discounts in which you get a percent off, or a fixed amount off.
A percent off of a price typically refers to getting some percent, say 10%, off of the original price of the product or service. For example, if a good costs $45, with a 10% discount, the final price would be calculated by subtracting 10% of $45, from $45, or equivalently, calculating 90% of $45:
10% of $45 = 0.10 × 45 = $4.50
$45 – $4.50 = $40.50
90% of $45 = 0.90 × 45 = $40.50
In this example, you are saving 10%, or $4.50.
A fixed amount off of a price refers to subtracting whatever the fixed amount is from the original price. For example, given that a service normally costs $95, and you have a discount coupon for $20 off, this would mean subtracting $20 from $95 to get the final price:
$95 - $20 = $75
In this example, you are saving the fixed amount of $20.
The above examples are two of the most common discount methods. There are numerous others that can be more confusing, such as stackable discounts where you can get 20% off the original price, then 15% more off of that discounted price. If you need to do these kinds of calculations, refer to the Percent Off Calculator .
Percent Off Calculator
- "Percent off" and discount
How to figure out percentages
Our percent off calculator helps you determine how much will you save during a sale, when the whole selection of merchandise is "X percent off!". Keep on reading - if you don't know how to figure out percentages, this calculator will surely save you a lot of trouble.
"Percent off" and discount
Actually, "percent off" and "a discount" are the exact same thing. Imagine it's Black Friday and all of the goods in a certain store are 75% off. Our sale calculator will figure out how much money stays in your pocket!
You can take a look at our discount calculator for more information on this topic 💰
Our percent off calculator is a special case of a percentage change, more specifically it uses the percentage decrease formula . The process of calculating your discount is as follows:
- Enter the original price into our percent off calculator. For example, a TV set might originally set you back $5000.
- Determine the percentage discount - in our example store, everything is 75% off.
- The sum that stays in your pocket - your savings - is simply these two values multiplied by each other: 75% × $5000 = 0.75 × $5000 = $3750 .
- The final price of the product on sale is the difference between the original price and savings: $5000 - $3750 = $1250 .
- You can also use the percent off calculator to determine how much more you have to pay if the price of the product goes up! Simply type a negative value into the "off" box - our calculator will use the percentage increase formula .
Make sure to check out our commission calculator if you're interested in the salesperson's fee as well.
🙋 We use percentages in almost all aspects of our life, not just finance. For example, we can also use percent to express the relative error between the observed and true values in any measurement. To learn how to do that, check our percent error calculator .
How to calculate percent off?
To calculate the new number:
- Divide the number by 100 (move the decimal place two places to the left).
- Multiply this new number by the percentage you want to take off.
- Subtract the number from step 2 from the original number. This is your percent off number.
How much is 20 percent off?
20 percent off depends on the original cost:
- Take the original number and divide it by 10.
- Double your new number.
- Subtract your doubled number from the original number.
- You have taken 20 percent off! For $30, you should have $24 .
How much is 10 percent off?
Taking 10 percent off a number changes depending on the original number :
- Divide your number by 10.
- Subtract this new number from your original number.
- You’ve taken 10 percent off !
How much is 15 percent off?
Finding 15 percent off is affected by the original number:
- Divide your original number by 20 (halve it then divide by 10).
- Multiply this new number by 3.
- Subtract the number from step 2 off of your original number.
- You’ve just found your percentage off!
How much is 30 percent off?
To take 30 percent off a number:
- Divide the number by 10.
- Triple this new number.
- Subtract your triple from your starting number.
- That’s 30 percent off! For $30, you should have $21 .
How much percent is off on Black Friday?
The percent you save on Black Friday and Cyber Monday changes depending on the item and store you are looking at. The average percent off on Black Friday is 35% , but be sure to shop around to make sure you’re getting the best deal!
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A discount is a reduction in the price of a service or a product. Discount is a common technique used by business people to attract new customers, to increase sales, and to retain the existing customers.
Discount is a rebate or an offer given to the customers on the marked price of products. While purchasing an item, we come across various terms like cost price, marked price, discount, and selling price. In order to increase the sale of goods, shopkeepers offer discounts to customers. Let us have a look at how these terms are related to each other.
Discount is the reduction in the price of goods or services offered by shopkeepers at the marked price. This percentage of the rebate is usually offered to increase the sales or clear the old stock of goods. The List price or Marked price is the price of an article as declared by the seller or the manufacturer, without any price reduction. The selling price is the actual price at which an article is sold after any reduction or discounts in the list price. "Off", "Reduction" are some common terms used to describe discounts. It should be noted that a discount is always calculated on the Marked price (List price) of the article.
The formula to calculate the discount is:
- Discount = List Price - Selling Price
- Discount (%) = (Discount/List Price) × 100
Here, the last formula is used for the calculation of the discount percentage .
The discount calculation can be done in two cases:
- When both the list price and selling price are given, we use the discount formula: Discount = List Price - Selling Price.
- When the discount percentage is given, then we use the following procedure.
Here is the process of discount calculation when the discount percentage is given.
- Step 1: Convert the discount percentage into a decimal by dividing by 100.
- Step 2: Multiply the list price by the decimal to get the discount.
- Step 3: Subtract the discount from the list price to get the value of selling price.
Note that if we are asked to find the discount, then only do till Step 2 . If we are asked to find the selling price (or the price at which the customer buys the product), then only do Step 3 .
Example: If the list price of a product is $4500, and there is a 40% discount on it, calculate the price at which the customer can buy the product.
Discount percentage as a decimal = 40/100 = 0.4
Discount = 40% on the list price = 0.4 × 4500 = $1800
Therefore, Selling Price = List Price - Discount ($) = $4500 − $1800 = $2700.
Therefore, after the discount, the customer can buy the product for $2700.
When the price of an article is reduced and sold it means a discount has been offered. When the price reduced is expressed as a percentage, it is called a discount percentage or the discount rate. The formula to calculate the discount rate is:
- Discount (%) = (List price - Selling Price)/ List Price × 100 [OR]
Discount Rate Calculation
To calculate the discount rate, you must either know both list price and the selling price or know the discount right away.
Example: If the list price of a book is $50, and $10 discount is offered on the book, then the discount rate is calculated as follows.
Discount rate (%) = (Discount/List Price) × 100
List price = $50; discount = $10
Discount (%) = (10/50) × 100
Types of Discounts
Discounts are offered while we purchase an item from a seller or a manufacturer. There are three types of discounts:
- Trade Discount: This type of discount is offered by the distributor to the retailer and not to the end customer. A distributor is one who holds huge quantities of a product and offers it at a reduced price to a retailer, who runs a unit or a shop selling the product. This type of discount is offered to sell the product easily.
- Quantity Discount: If a customer buys a product in large numbers, then quantity discounts are offered. This type of discount is offered to tempt the customers to buy a product in large quantities.
- Promotional Discount: Promotional discounts are offered when a new product is to be promoted or if a stock clearance is to be done. This is usually advertised as offering something extra for buying a certain number of items. For example, 'Buy 2 Get 1 Free' is a common example of a promotional discount.
☛ Related Topics:
Check out some interesting articles related to discounts.
- Discount Calculator
- Profit and Loss
- Identifying Denominations
- Decomposing Money
Solved Examples on Discounts
Example 1: Find the discount received by Bob on a chair, if the selling price of the chair is $7 and the list price is $10?
Given, list price = $10 and selling price = $7.
By discount calculation formula:
discount = List price - Selling price.
Discount = $10 - $7
Answer: ∴ Bob received a discount of $3.
Example 2: The price tag printed on a T-shirt showed $25, but Daniel paid $20 for it since there was a discount on it. Find the discount rate.
Given, list price = $25 and selling price = $20.
Therefore, discount = list price - selling price
= $25 - $20
By discount rate formula,
Discount rate = (Discount/List Price) × 100
= (5/25) × 100
= (1/5) × 100
Answer: ∴ Daniel got a discount of 20%.
Example 3: If a table is sold at $200 after a discount of $20, then what is its list price?
The discount formula is:
Discount = List price - Selling price
20 = List price - 200
Adding 200 on both sides of this equation,
List price = 220
Answer: ∴ List price = $220
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Practice Questions on Discounts
Faqs on discounts, what is the meaning of discount.
Sometimes, when an item is purchased, there is a reduction in the price of the item. The amount of money that is reduced is called the discount . In other words, discount is the rebate or the amount reduced from the list price of a commodity before selling it.
How to Do Discount Calculation?
Discount is the difference between the marked price (list price) and the selling price of an article. Therefore, the formula used for discount calculation is: Discount = List price - selling price.
What is Discount Formula?
There are two formulas related to discounts.
- Discount = List Price - Selling Price.
- Discount percentage (%) = (Discount/List Price) × 100
What is Discount Rate?
The amount of money that is reduced from the list price of an item is called the discount. The percentage of this discount on the list price is called the discount rate. The formula to calculate the discount rate is: Discount % = (Discount/List Price) × 100. For example, if the list price of an item is $80, and a $10 discount is offered on the item, then the discount percent will be (10/80) × 100, which is equal to 12.5%.
What are the Types of Discounts?
There are three types of discounts - trade discounts, quantity discounts, and promotional discounts.
- Trade discounts are offered by the distributors of a product to a retail shop owner, by reducing the price of the products.
- Quantity discounts are offered to attract customers to purchase large quantities of products.
- Promotional discounts are offered while promoting the sale of a new product or for stock clearance. This is done usually by giving a tag line such as 'Buy 2, Get 1 Free'.
GMAT Math : Discount
Study concepts, example questions & explanations for gmat math, all gmat math resources, example questions, example question #1 : discount.
A refrigorator is on sale for 20% off the original price. A store-wide sale results in an additional reduction of 25%. What is the total discount based on the original price?
Therefore, the final price is 60% of the original price. To calculate the discount:
Example Question #1 : Calculating Discounts
Carolyn won a $450 gift card, and she wants to spend it at the store where she works. Normally, she gets a 10% employee discount, but in one week, her store will be having an "Employee Appreciation Day" during which a 25% employee discount will apply. If, as an employee, she does not have to pay sales tax, how much more worth of merchandise (in terms of price before discount) will she be able to purchase by holding out to that day (nearest cent, if applicable)?
So Carolyn can use that gift card to purchase $500 worth of merchandise now.
So Carolyn can use that gift card to purchase $600 worth of merchandise on Employee Appreciation Day.
Carolyn can save $100 by holding out.
Example Question #3 : Discount
The following is a partial menu at Moonbucks Coffee.
Today, Moonbucks is running a special - buy one drink and get one of equal or lesser value free.
Charles is buying drinks for his family. He orders three lattes, two cappucinos, two espressos, and a Turkish coffee. How much will he pay for the drinks, disregarding tax?
None of the other choices are correct.
List the prices of the drinks in descending order:
With the most expensive drink, Charlie will get the second-most expensive drink free; with the third-most expensive drink, he will get the fourth-most expensive drink free; and so forth.
Charlie will only pay for the first, third, fifth, and seventh most expensive drinks. Add their prices.
Example Question #4 : Discount
Wally has a $500 gift card that he wants to spend at the store where he works. He gets a 25% employee discount, and the sales tax rate is 6.45%. How much can Wally spend before the discount and tax using only his gift card? (Round to the nearest cent.)
None of the other answers are correct.
As the maximum purchase price after discount and tax is $500, we set up the following equation:
Wally can purchase up to $626.27 in merchandise.
Example Question #5 : Discount
Vanessa purchased an mp3 player, originally priced at $290, but discounted by $27. Approximately what percent discount did Vanessa receive on the mp3 player?
27 is a little less than 29, which is 10% of $290. Therefore, 9% is the closest approximation.
Example Question #6 : Discount
The following is a partial menu at Moonbucks Coffee:
Jim is allowed to use his 20% employee discount on up to four drinks per day. Assuming he has not used the discount yet today, Jim wants to purchase three Americanos, a Turkish coffee, and a latte. After the discount, what will the drinks cost him? (Disregard tax).
The 20% discount will apply to the four most expensive drinks, presumably, so he will pay 20% less - or 80% - for the Turkish coffee, the latte, and two of the Americanos, and full price for the third Americano.
The price he will pay is as follows:
He will pay $11.26 for the drinks.
Example Question #7 : Discount
The above is the menu at Monorail Sandwich Shop.
Kyle works at Monorail and is therefore allowed to buy up to four sandwiches and four sodas a day with his 25% employee discount. If he buys more than the allowed number with any one purchase, he can take 25% off the four highest-priced sandwiches and the four highest-priced sodas.
Kyle is buying three turkey sandwiches, three ham sandwiches, and six large sodas. If this is Kyle's first purchase of the day, how much will he pay, disregarding tax?
Kyle is buying six sandwiches and six large sodas, so his discount will apply to four of the sodas and the four highest-priced sandwiches - namely, the three turkey sandwiches and one ham sandwich.
The price of those eight items, before discount, is
A 25% discount means that Kyle will pay 75% of this, or
The items for which Kyle will pay full price - two ham sandwiches and two large sodas - cost
The total cost to Kyle:
Example Question #8 : Discount
A restaurant owner allows employees to purchase meals for 28% off list price. An employee purchases a meal with a list price of $16.50. What does she pay for the meal?
If she gets a 28% discount, she pays 72% of the list price:
Example Question #9 : Discount
A clothing store offers a dress initally at $100. Then one week later, the store offers the dress at 15% off. The dress still doesn't sell, so after another week, the store reduces its new price by 20%. How much does the dress cost now?
So the final dress price is $68
Example Question #10 : Discount
Julie has a choice between purchasing a hat at Stacy's or purchasing an identical hat at Gumble's. The hat at Stacy's costs $350. The hat at Gumble's normally costs $425, but it is on sale at 20% off. The sales tax is 7.5% for both stores. At which store can Julie get the hat cheaper, and how much will she save?
Julie saves $10.75 by going to Gumble's.
Julie saves $155.88 by going to Stacy's.
Julie saves $10.00 by going to Gumble's.
More information is needed to answer the problem.
Julie saves $145.00 by going to Stacy's.
If Julie purchases the hat at Stacy's, she will spend $350 plus 7.5% of this as tax - that is, she will spend 1.075 times $350:
If Julie purchases the hat at Gumble's, her price before tax will be 20% off of the price of $425 - this is 80% of, or 0.80 times, $425:
Adding 7.5% tax, Julie will spend 1.075 times $340:
By going to Gumble's, she saves
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