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A product is marked at $600 and sold at a loss of 10%. What is the selling price
A product is marked at $600 and sold at a loss of 10%. What is the selling price?
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Q1
A product is marked at $600 and sold at a loss of 10%. What is the selling price?
$540
$550
$560
$570
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Selling Price = Marked Price - Loss = 600 - (10% of 600) = 600 - 60 = $540.
Questions & Step-by-step Solutions
1 item
Q
Q: A product is marked at $600 and sold at a loss of 10%. What is the selling price?
Solution:
Selling Price = Marked Price - Loss = 600 - (10% of 600) = 600 - 60 = $540.
Steps: 5
Show Steps
Step 1: Identify the marked price of the product, which is $600.
Step 2: Calculate the loss percentage, which is 10%.
Step 3: Find the amount of loss by calculating 10% of the marked price: 10% of 600 = 60.
Step 4: Subtract the loss amount from the marked price to find the selling price: 600 - 60 = 540.
Step 5: The selling price of the product is $540.
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