Finding Discounts
Chapter Name : Comparing Quantities |
Sub Topic Code : 104_08_08_03_02 |
Topic Name : Finding Discounts |
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Sub Topic Name : Estimation In Percentages |
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Introduction
What is a discount?
Pre-Requisites:
Basic knowledge about ratios and percentages
Real Life Question:
What is the discount in the reebok store this month?
Key Words / FlashCards
| Key Words | Definitions (pref. in our own words) |
|---|---|
| Discount | Reduction given on the market price of a product |
Learning aids / Gadgets
| Gadgets | How it can be used |
|---|
Real life uses :
Every place involved in trade which doesn’t work on fixed rates
Places to visit :
McDonalds store during happy hours.
Practical examples around us
| Examples | Explainations |
|---|---|
| Seasonal Clothes | Seasonal clothes are sold at lower prices at the end of the season than the market price. |
| Old models | All the old models of a product are sold at lower prices before the new model of the product is released. |
What you learn in Theory:
Discount is the difference between the market value of the product and the sale values of the product.