Discount

Meaning:

A discount is a reduction in the original price of a product or service, offered to  encourage customers to buy more, buy faster, or try a new product. Simply put, a discount  makes the price lower than usual.

Example:

For instance, if a shirt is priced at ₹800 and is offered at a 25% discount, you  would pay ₹600 for it.

How to understand discounts:

Discounts attract customers by providing better value for money.  They help clear out old or excess stock quickly.

Importance of Discounts:

Discounts increase customer loyalty by giving special deals to regular shoppers.  They create a sense of urgency, encouraging buyers to purchase immediately.