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A shopkeeper marks a price of $200 on an item and offers a discount of 10%. What

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Question: A shopkeeper marks a price of $200 on an item and offers a discount of 10%. What is the selling price?

Options:

  1. $180
  2. $190
  3. $200
  4. $170

Correct Answer: $180

Solution: 

Discount = Marked Price * Discount Percentage = 200 * 0.10 = $20. Selling Price = Marked Price - Discount = 200 - 20 = $180.

A shopkeeper marks a price of $200 on an item and offers a discount of 10%. What

Practice Questions

Q1
A shopkeeper marks a price of $200 on an item and offers a discount of 10%. What is the selling price?
  1. $180
  2. $190
  3. $200
  4. $170

Questions & Step-by-Step Solutions

A shopkeeper marks a price of $200 on an item and offers a discount of 10%. What is the selling price?
  • Step 1: Identify the marked price of the item, which is $200.
  • Step 2: Identify the discount percentage, which is 10%.
  • Step 3: Convert the discount percentage into a decimal by dividing by 100. So, 10% becomes 0.10.
  • Step 4: Calculate the discount amount by multiplying the marked price by the discount decimal: $200 * 0.10 = $20.
  • Step 5: Subtract the discount amount from the marked price to find the selling price: $200 - $20 = $180.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount, in this case, the discount on the marked price.
  • Selling Price Calculation – Determining the final selling price after applying the discount to the marked price.
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