A product is marked at $200 and is sold at a 15% discount. What is the selling p

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Question: A product is marked at $200 and is sold at a 15% discount. What is the selling price?

Options:

Correct Answer: $170

Solution:

Selling price = 200 - (15/100 * 200) = 200 - 30 = $170.

A product is marked at $200 and is sold at a 15% discount. What is the selling price?

A product is marked at $200 and is sold at a 15% discount. What is the selling price?

Correct Answer: $170

Step 1: Identify the marked price of the product, which is $200.
Step 2: Determine the discount percentage, which is 15%.
Step 3: Calculate the amount of the discount by multiplying the marked price by the discount percentage: 15/100 * 200.
Step 4: Perform the multiplication: 15/100 equals 0.15, so 0.15 * 200 equals $30.
Step 5: Subtract the discount amount from the marked price to find the selling price: 200 - 30.
Step 6: Perform the subtraction: 200 - 30 equals $170.

Percentage Calculation – Understanding how to calculate a percentage of a given amount and apply it to find a discount.
Basic Arithmetic – Performing basic subtraction after calculating the discount amount.