A shopkeeper marks a price of $200 on a shirt. If he offers a discount of 20%, w

A shopkeeper marks a price of $200 on a shirt. If he offers a discount of 20%, what is the selling price of the shirt?

A shopkeeper marks a price of $200 on a shirt. If he offers a discount of 20%, what is the selling price of the shirt?

Step 1: Identify the marked price of the shirt, which is $200.
Step 2: Determine the discount percentage, which is 20%.
Step 3: Convert the discount percentage into a decimal by dividing by 100. So, 20% becomes 0.20.
Step 4: Calculate the amount of the discount by multiplying the marked price by the decimal discount. This is $200 * 0.20.
Step 5: Calculate the discount amount, which is $200 * 0.20 = $40.
Step 6: Subtract the discount amount from the marked price to find the selling price. This is $200 - $40.
Step 7: Calculate the selling price, which is $200 - $40 = $160.

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