A product is marked at $250 and sold for $200. What is the discount percentage?

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Question: A product is marked at $250 and sold for $200. What is the discount percentage?

Options:

Correct Answer: 20%

Solution:

Discount = Marked Price - Selling Price = 250 - 200 = 50. Discount Percentage = (50/250) * 100 = 20%.

A product is marked at $250 and sold for $200. What is the discount percentage?

A product is marked at $250 and sold for $200. What is the discount percentage?

Step 1: Identify the marked price of the product, which is $250.
Step 2: Identify the selling price of the product, which is $200.
Step 3: Calculate the discount by subtracting the selling price from the marked price: 250 - 200.
Step 4: The result of the subtraction is the discount amount, which is $50.
Step 5: To find the discount percentage, divide the discount amount by the marked price: 50 / 250.
Step 6: Multiply the result by 100 to convert it to a percentage: (50 / 250) * 100.
Step 7: The final result is the discount percentage, which is 20%.

Discount Calculation – Understanding how to calculate the discount amount and the discount percentage based on marked and selling prices.
Percentage Calculation – Applying the formula for percentage to find the discount percentage from the discount amount.