Monday Meaning of Discount Finding cost and cash price on discounted goods Resources Inside out Learn mathematics Book 6, page 125 items like; currency note Milo, biscuits, books, pencils, school bag Meaning of Discount Discount is a reduction in the price of an article. It is often a certain percentage of the actual price of the article. Examples 1. A table clock cost $200, and a 10% discount is given for paying cash. What is the cash price? Solution The discount = 10% of $200 = 10 x 200= 20 100 So Cash price = original price – discount Amount = $200 – $20 = $180 2. The selling price of a shirt is $900. The trader gives 5% discount for cash. How much is the buyer paying. Solution The discount = 5% of $900 = $45 So Cash price = original price – discount amount = $900 – $45 = $855 Begin the lesson by showing them an image of a market where buying and selling is taking place, then
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