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Discount given Discount Rate and List Price Calculator

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Basics of Financial Accounting Asset Management

✖Discount Rate is the interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve Bank’s discount window.ⓘ Discount Rate [DR]			+10% -10%
✖List Price is the price of an article as shown in a list issued by the manufacturer.ⓘ List Price [LP]			+10% -10%

✖Discount is the difference between the selling price and the price paid for the item.ⓘ Discount given Discount Rate and List Price [Disc]

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Discount given Discount Rate and List Price Solution

STEP 0: Pre-Calculation Summary

Formula Used

Discount = Discount Rate*List Price
Disc = DR*LP
This formula uses 3 Variables

Variables Used

Discount - Discount is the difference between the selling price and the price paid for the item.
Discount Rate - Discount Rate is the interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve Bank’s discount window.
List Price - List Price is the price of an article as shown in a list issued by the manufacturer.

STEP 1: Convert Input(s) to Base Unit

Discount Rate: 0.12 --> No Conversion Required
List Price: 51.5 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

Disc = DR*LP --> 0.12*51.5

Evaluating ... ...

Disc = 6.18

STEP 3: Convert Result to Output's Unit

6.18 --> No Conversion Required

FINAL ANSWER

6.18 <-- Discount

(Calculation completed in 00.004 seconds)

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Indian Institute of Technology (IIT), Roorkee

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Discount given Discount Rate and List Price Formula

LaTeX Go

Discount = Discount Rate*List Price
Disc = DR*LP

What's the example of Trade Discount?

For the sales promotion campaign, a car company decided to give the 10 % discount on the listed price.

How to Calculate Discount given Discount Rate and List Price?

Discount given Discount Rate and List Price calculator uses Discount = Discount Rate*List Price to calculate the Discount, Discount given Discount Rate and List Price is offered on items to attract buyers. An example of a discount is when the selling price is cut down from 10 to 5 rupees in the store. Discount is denoted by Disc symbol.

How to calculate Discount given Discount Rate and List Price using this online calculator? To use this online calculator for Discount given Discount Rate and List Price, enter Discount Rate (DR) & List Price (LP) and hit the calculate button. Here is how the Discount given Discount Rate and List Price calculation can be explained with given input values -> 15 = 0.12*51.5.

FAQ

What is Discount given Discount Rate and List Price?

Discount given Discount Rate and List Price is offered on items to attract buyers. An example of a discount is when the selling price is cut down from 10 to 5 rupees in the store and is represented as Disc = DR*LP or Discount = Discount Rate*List Price. Discount Rate is the interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve Bank’s discount window & List Price is the price of an article as shown in a list issued by the manufacturer.

How to calculate Discount given Discount Rate and List Price?

Discount given Discount Rate and List Price is offered on items to attract buyers. An example of a discount is when the selling price is cut down from 10 to 5 rupees in the store is calculated using Discount = Discount Rate*List Price. To calculate Discount given Discount Rate and List Price, you need Discount Rate (DR) & List Price (LP). With our tool, you need to enter the respective value for Discount Rate & List Price and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.

How many ways are there to calculate Discount?

In this formula, Discount uses Discount Rate & List Price. We can use 1 other way(s) to calculate the same, which is/are as follows -

Discount = List Price-Price Paid

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