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A shopkeeper marks a price of $500 on an item and offers a discount of 10%. What
A shopkeeper marks a price of $500 on an item and offers a discount of 10%. What is the selling price after the discount? (2023)
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Practice Questions
1 question
Q1
A shopkeeper marks a price of $500 on an item and offers a discount of 10%. What is the selling price after the discount? (2023)
$450
$475
$500
$525
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Discount = 10% of 500 = 50. Selling Price = Marked Price - Discount = 500 - 50 = $450.
Questions & Step-by-step Solutions
1 item
Q
Q: A shopkeeper marks a price of $500 on an item and offers a discount of 10%. What is the selling price after the discount? (2023)
Solution:
Discount = 10% of 500 = 50. Selling Price = Marked Price - Discount = 500 - 50 = $450.
Steps: 5
Show Steps
Step 1: Identify the marked price of the item, which is $500.
Step 2: Calculate the discount by finding 10% of the marked price. To do this, multiply 500 by 0.10 (which is 10% in decimal form).
Step 3: The calculation for the discount is 500 * 0.10 = $50.
Step 4: Subtract the discount from the marked price to find the selling price. So, $500 - $50 = $450.
Step 5: The final selling price after the discount is $450.
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