discount

An amount subtracted from an item’s original price is known as discount.

Very often, companies offer customers a discount if they arrange their car insurance online. This discount is usually given as a percentage of the original price.

Huw has to pay £360 to renew his car insurance.

The insurance company offers him a discount of 10% if he is willing to renew online.

Therefore, 10% of £360 = £36, which is the discount.