The actual price of the TV is $ 566.37. During a sale, it was sold at $ 502.21. 11.3282% decrease in the price of the TV.
First, we need to the difference in the price.
Let us call the actual price M.R.P and the value it was sold for as S.P
SO we have M.R.P = $ 566.37 and S,P = $ 502.21. THe difference D = M.R.P -S.P = $566.37-$502.21 = $64.16
To find the percent decrease will have to compare the difference with M.R.P and multiply it by a hundred so we get,
D% = (D/M.R.P)x 100 = 64.16/566.37 x100 = 11.3282 %.
Discount pricing is a type of promotional pricing strategy that involves lowering the original price of a product or service with the goal of increasing traffic, moving inventory, and increasing sales. Consumers are attracted to low prices because they want to feel they are getting a good deal.
The difference between what a consumer is willing to pay for a service and the market price. The potential price of Rs.250 and the actual price he considers is Rs.200.
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