If a shopkeeper marks a price of $400 on a product and offers a discount of 25%,

If a shopkeeper marks a price of $400 on a product and offers a discount of 25%, what is the profit if the cost price is $250?

If a shopkeeper marks a price of $400 on a product and offers a discount of 25%, what is the profit if the cost price is $250?

Step 1: Identify the marked price of the product, which is $400.
Step 2: Calculate the discount amount by finding 25% of the marked price. This is done by multiplying $400 by 0.25.
Step 3: Calculate the discount amount: 25% of $400 = $100.
Step 4: Subtract the discount amount from the marked price to find the selling price. Selling Price = $400 - $100.
Step 5: Calculate the selling price: $400 - $100 = $300.
Step 6: Identify the cost price of the product, which is $250.
Step 7: Calculate the profit by subtracting the cost price from the selling price. Profit = Selling Price - Cost Price.
Step 8: Calculate the profit: $300 - $250 = $50.

Discount Calculation – Understanding how to calculate the selling price after applying a percentage discount to the marked price.
Profit Calculation – Calculating profit by subtracting the cost price from the selling price.