A shopkeeper marks a price of $200 on a shirt. If he offers a discount of 15%, w

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Question: A shopkeeper marks a price of $200 on a shirt. If he offers a discount of 15%, what is the selling price of the shirt? (2023)

Options:

Correct Answer: $180

Exam Year: 2023

Solution:

Selling Price = Marked Price - Discount = 200 - (15% of 200) = 200 - 30 = $170.

A shopkeeper marks a price of $200 on a shirt. If he offers a discount of 15%, what is the selling price of the shirt? (2023)

A shopkeeper marks a price of $200 on a shirt. If he offers a discount of 15%, what is the selling price of the shirt? (2023)

Step 1: Identify the marked price of the shirt, which is $200.
Step 2: Calculate the discount amount by finding 15% of the marked price.
Step 3: To find 15% of $200, multiply 200 by 0.15 (which is 15% as a decimal).
Step 4: Calculate 200 * 0.15 = $30. This is the discount amount.
Step 5: Subtract the discount amount from the marked price to find the selling price.
Step 6: Selling Price = Marked Price - Discount = 200 - 30.
Step 7: Calculate 200 - 30 = $170. This is the selling price of the shirt.

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