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What is Discount?
Bhavani (played by Urmila Matondkar) wants to purchase a dress that the mannequin is wearing. She requests the shopkeeper for a discount.
After a lot of arguing, the shopkeeper decides to give a discount.
Discount means an amount or percentage that is deducted from the selling price.
Besides Math, it is commonly used in finance & Investing.
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Discount and discount rates are different. The discount rate is interest based on the time value of money.
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