# Profit, Loss and Discount - Lesson II

Knowing the labelled price and the discount percentage and the percentage profit of the seller, we can get the actual cost price.

The selling price fixed by the seller includes all other necessary expenses like taxes, carting expenses etc. By giving some discount, the seller gets more customers.

Note  : Commission or brokerage is Added when we purchase, Subtracted when we Sell.

Note : In case of Successive discounts, the first discount is calculated on Marked Price, and is subtracted from it. The second discount is is then calculated on the resulting amount and again subtracted. The amount left after subtracting the last discount is the selling price of the Article.

The discount is always calculated on the Marked Price. have a look at the following Example.

A Shopkeeper marks the price of an article as Rs. 600. Find the selling price if he allows 10% discount ?
Sol :

Here, Marked price of the article = Rs 600
Shopkeeper is allowing a 10% discount.
So, if Rs 100 is Marked Price of the article, then Rs. 10 discount is offered on it.

So, Selling Price (S.P) of the article is Rs . 90.

so here, for Rs. 100 marked price the Discount = 10
for Rs. 600 marked price, the Discount = ?
You can directly say the answer... Or,
(600/100) X 10 = 60

So, S.P = M.P - Discount
=>   600 - 60

=> Selling Price = Rs 540

Thats all for now friends. Tomorrow we shall do some problems on Profit, Loss and Discount... Happy Reading :)

1. Mam u have mentioned tomorrow we can see the prob, so where to find it?

1. Well, I have updated that post 6 months ago. The very next day i fell ill due to lung problems and later bedridden. Meanwhile I lost the paper on which I've prepared the problems :D So almost abandoned this post like this... Anyways, thank you so much for making me remember this... I will try to upload the problems soon.

Good Day :)

2. please update some more problems on discount. explain them without using formula. explain them using simple logic.

1. We will try to update soon friend. Thanks for the comment

Good day :)

3. Sir, I have a query...m not able to understand ..that a person sells two similar articles, one at a gain of 10% and the other at a loss of 10%, then the seller always incurs a loss...why he will incur loss? Please explain me..
If I bought two pens say Rs. 20 each, one pens I sold at 10% profit..means I sold it in Rs. 22. Similarly, when i sold another pen at 10% loss, I sold it in Rs. 18. So I think m neither in profit nor in loss..but in many books i have read that its always loss..m so confused..please help me out.

1. Well, you are Confused Friend. Check your text books once, usually they will give the Selling Prices for these type of problems... But you've considered the Buying price :D got it?

Check again by thinking that you SELL two pens for Rs 20 each.
1 for 10% profit and another for 10% loss. Check now.. you will definitely get LOSS in this case...

Hope it helped. Feel free to ask us if you still have any doubts. Good Day

2. Ohhh.. yes..now i got it..thanx alot to leave me doubt free.

3. In this case always 1 percentage loss.....if.one thing for 10percnt profit and another for loss...

4. Can you please update General awareness bits for the month of june,july,august as soon as possible because my ibps exam is after 3 days.thank u.

5. sir plz upload some more problems on this topic....so that it will be helpfull for me...

6. 600*90/100=540 (simpe method)
if it is 10 % profit 600*110/100=660
if first make 10% profit then give 10% discount 600*(110/100)*(90/100)

7. 600*90/100=540 (simpe method)
if it is 10 % profit 600*110/100=660
if first make 10% profit then give 10% discount 600*(110/100)*(90/100)

8. 9. 