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SHS 2 CORE MATH | Percentages 1 - How to calculate Discount, Discount Rate, Original and New price. In todays video, we are going to learn how to perform calculations on percentages. Discount is the practice in some trade to sell goods at a price less than the original price to some regular customer and others who buy goods at large quantities. Such a reduction in the original or the marked price is called DISCOUNT. There are two types of Discount. Cash Discount - discount given to a buyer just because he or she makes an immediate payment of a good. Trade discount - discount given to a fellow trader on prices of goods bought. original / marked price is always equivalent to 100% If discount = x%, then, 1. new price = 100-x/100 * original price. 2. original = 100/100-x * new price. 3. Discount allowed = reduction in price/original price * 100% 4. Amount saved = x/100 * original price Subscribe to @Skancityacademy on youtube Check out my playlist on Senior High School (Maths) • Senior High School (Maths) Whatsapp: +233 (0) 243084034 Instagram: sir_john_skancityacademy