A discount of 15% is given on a product that costs $80. What is the final price

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Question: A discount of 15% is given on a product that costs $80. What is the final price after the discount?

Options:

Correct Answer: $68

Solution:

Final Price = Cost Price - (Discount Percentage * Cost Price) = $80 - (0.15 * $80) = $80 - $12 = $68.

A discount of 15% is given on a product that costs $80. What is the final price after the discount?

A discount of 15% is given on a product that costs $80. What is the final price after the discount?

Step 1: Identify the original cost of the product, which is $80.
Step 2: Identify the discount percentage, which is 15%.
Step 3: Convert the discount percentage from a percentage to a decimal by dividing by 100. So, 15% becomes 0.15.
Step 4: Calculate the amount of the discount by multiplying the original cost by the decimal discount. This is $80 * 0.15.
Step 5: Calculate the discount amount, which is $12.
Step 6: Subtract the discount amount from the original cost to find the final price. This is $80 - $12.
Step 7: The final price after the discount is $68.

Percentage Calculation – Understanding how to calculate a percentage of a given amount and apply it as a discount.
Basic Arithmetic – Performing subtraction to find the final price after applying the discount.