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A discount of 10% is given on a product that costs $500. If the product is then

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Question: A discount of 10% is given on a product that costs $500. If the product is then sold for $450, what is the actual discount given?

Options:

  1. $50
  2. $45
  3. $40
  4. $55

Correct Answer: $50

Solution: 

Actual Discount = Marked Price - Selling Price = 500 - 450 = $50.

A discount of 10% is given on a product that costs $500. If the product is then

Practice Questions

Q1
A discount of 10% is given on a product that costs $500. If the product is then sold for $450, what is the actual discount given?
  1. $50
  2. $45
  3. $40
  4. $55

Questions & Step-by-Step Solutions

A discount of 10% is given on a product that costs $500. If the product is then sold for $450, what is the actual discount given?
  • Step 1: Identify the original price of the product, which is $500.
  • Step 2: Calculate the discount amount based on the 10% discount. To do this, multiply the original price by 10% (or 0.10). So, 500 * 0.10 = $50.
  • Step 3: The selling price of the product after the discount is $450.
  • Step 4: To find the actual discount given, subtract the selling price from the original price. So, 500 - 450 = $50.
  • Step 5: The actual discount given is $50.
  • Percentage Discount – Understanding how to calculate a percentage discount from the marked price.
  • Selling Price vs. Marked Price – Differentiating between the marked price (original price) and the selling price (price after discount).
  • Actual Discount Calculation – Calculating the actual discount given based on the difference between the marked price and the selling price.
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