A discount of 15% is given on a product that costs $120. What is the final price

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Question: A discount of 15% is given on a product that costs $120. What is the final price after the discount?

Options:

Correct Answer: $108

Solution:

Discount = 15% of $120 = $120 * 0.15 = $18. Final Price = $120 - $18 = $102.

A discount of 15% is given on a product that costs $120. What is the final price after the discount?

A discount of 15% is given on a product that costs $120. What is the final price after the discount?

Step 1: Identify the original price of the product, which is $120.
Step 2: Determine the discount percentage, which is 15%.
Step 3: Convert the percentage to a decimal by dividing by 100. So, 15% becomes 0.15.
Step 4: Calculate the discount amount by multiplying the original price by the decimal. This means $120 * 0.15.
Step 5: Perform the multiplication: $120 * 0.15 = $18. This is the discount amount.
Step 6: Subtract the discount amount from the original price to find the final price. So, $120 - $18.
Step 7: Perform the subtraction: $120 - $18 = $102. This is the final price after the discount.

Percentage Calculation – Understanding how to calculate a percentage of a given amount.
Subtraction – Applying subtraction to find the final price after a discount.