## 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
1.5 <-- Discount
(Calculation completed in 00.004 seconds)
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## Credits

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
Shareholders' Equity given Share Capital, Retained Earnings and Treasury Shares
​ 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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