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A shopkeeper sells a product for $300 after applying a discount of 25%. What was
A shopkeeper sells a product for $300 after applying a discount of 25%. What was the marked price?
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Q1
A shopkeeper sells a product for $300 after applying a discount of 25%. What was the marked price?
$350
$375
$400
$450
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Let the marked price be x. Then, 300 = x - 25% of x => 300 = x - 0.25x => 300 = 0.75x => x = 400.
Questions & Step-by-step Solutions
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Q
Q: A shopkeeper sells a product for $300 after applying a discount of 25%. What was the marked price?
Solution:
Let the marked price be x. Then, 300 = x - 25% of x => 300 = x - 0.25x => 300 = 0.75x => x = 400.
Steps: 8
Show Steps
Step 1: Understand that the shopkeeper sells the product for $300 after giving a discount of 25%.
Step 2: Let the marked price be represented by 'x'.
Step 3: Calculate the amount of discount: 25% of 'x' is 0.25 * x.
Step 4: The selling price after discount is the marked price minus the discount: Selling Price = Marked Price - Discount.
Step 5: Write the equation: 300 = x - 0.25x.
Step 6: Simplify the equation: 300 = 0.75x.
Step 7: To find 'x', divide both sides by 0.75: x = 300 / 0.75.
Step 8: Calculate the value: x = 400.
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