Discount is a kind of reduction or deduction in the cost price of a product. It is mostly used in consumer transactions, where people are provided with discounts on various products. The discount rate is given in percentage.
Discount=List Price−Selling Price
Selling Price=List Price−Discount
List Price=Selling Price + Discount
Discount Percentage Formula
Rate of Discount=Discount%=DiscountListPrice×100
Selling Price = List Price(100−discount%100)
List Price = Selling Price(100100−discount%)