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Discount given List Price and Price Paid Calculator

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Basics of Financial Accounting Asset Management

✖List Price is the price of an article as shown in a list issued by the manufacturer.ⓘ List Price [LP]			+10% -10%
✖The price paid is the price at which the consumer buys a product.ⓘ Price Paid [SP]			+10% -10%

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

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Formula

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Discount given List Price and Price Paid

Formula

Disc = LP - SP

Example

1.5 = 51.5 - 50

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Discount given List Price and Price Paid Solution

STEP 0: Pre-Calculation Summary

Formula Used

Discount = List Price-Price Paid
Disc = LP-SP
This formula uses 3 Variables

Variables Used

Discount - Discount is the difference between the selling price and the price paid for the item.
List Price - List Price is the price of an article as shown in a list issued by the manufacturer.
Price Paid - The price paid is the price at which the consumer buys a product.

STEP 1: Convert Input(s) to Base Unit

List Price: 51.5 --> No Conversion Required
Price Paid: 50 --> No Conversion Required

STEP 2: Evaluate Formula

Substituting Input Values in Formula

Disc = LP-SP --> 51.5-50

Evaluating ... ...

Disc = 1.5

STEP 3: Convert Result to Output's Unit

1.5 --> No Conversion Required

FINAL ANSWER

1.5 <-- Discount

(Calculation completed in 00.020 seconds)

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Created by Sakshi Priya

Indian Institute of Technology (IIT), Roorkee

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< Basics of Financial Accounting Calculators

Depletion Charge per Unit

Go Depletion Charge per Unit = (Original Cost-Residual Value)/Total Number of Units Depletion

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Go Total Shareholders' Equity = Share Capital+Retained Earnings-Treasury Shares

Discount Percentage

Go Discount Percentage = ((List Price-Price Paid)/Price Paid)*100

Shareholders' Equity given Total Assets and Liabilities

Go Total Shareholders' Equity = Total Assets-Total Liabilities

Discount given List Price and Price Paid Formula

Discount = List Price-Price Paid
Disc = LP-SP

What are the types of discount?

There are two types of discount trade discounts and cash discounts. Trade discount is given by retailer or wholesaler for buying the item in bulk and cash discount is given to encourage the customers to pay within specified time.

How to Calculate Discount given List Price and Price Paid?

Discount given List Price and Price Paid calculator uses Discount = List Price-Price Paid to calculate the Discount, Discount given List Price and Price Paid is the reduction on the listed price of the item. It is also called rebate or concession in daily life. Discount is denoted by Disc symbol.

How to calculate Discount given List Price and Price Paid using this online calculator? To use this online calculator for Discount given List Price and Price Paid, enter List Price (LP) & Price Paid (SP) and hit the calculate button. Here is how the Discount given List Price and Price Paid calculation can be explained with given input values -> 75 = 51.5-50.

FAQ

What is Discount given List Price and Price Paid?

Discount given List Price and Price Paid is the reduction on the listed price of the item. It is also called rebate or concession in daily life and is represented as Disc = LP-SP or Discount = List Price-Price Paid. List Price is the price of an article as shown in a list issued by the manufacturer & The price paid is the price at which the consumer buys a product.

How to calculate Discount given List Price and Price Paid?

Discount given List Price and Price Paid is the reduction on the listed price of the item. It is also called rebate or concession in daily life is calculated using Discount = List Price-Price Paid. To calculate Discount given List Price and Price Paid, you need List Price (LP) & Price Paid (SP). With our tool, you need to enter the respective value for List Price & Price Paid 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 List Price & Price Paid. We can use 1 other way(s) to calculate the same, which is/are as follows -

Discount = Discount Rate*List Price

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