what is the formula for calculating discount with respect to selling price?

Answer 1

If SP = selling price
PD = discount in percent (%)
D = discount

Then, the discount is
D = SP(PD/100)

And the amount you will pay is
= SP - D
or = SP(1-(PD/100))

Answer 2

Let us say P is the selling price and you want to offer a discount of D% for that special day. So, on that day, the customer pays

P (100 - D) / 100

Suppose 250 is the original selling price and 20% discount is being offered for that day. You will charge,

250 (100 - 20) / 100 = 250 x 80 / 100 = 200

and the absolute discount is P x D / 100 in this case, 250 x 20 / 100 = 50

Answer 3

Easiest way to do it......remember this simple formula...

change in price divided by original price. Multiply that answer by 100 and you have the discount percentage.

Answer 4

Cost + Markup or - Markdown = Selling Price. For instance if you wanted to mark something down 20% and your selling price was $1.00 it would look like this:
Cost = 80%
Markdown =20%
Selling = 100%
$1.00
-.20
______
.80