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

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Question: A product is marked at $250 and sold for $200. What is the percentage discount offered? (2023)

Options:

Correct Answer: 25%

Exam Year: 2023

Solution:

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

A product is marked at $250 and sold for $200. What is the percentage discount offered? (2023)

A product is marked at $250 and sold for $200. What is the percentage discount offered? (2023)

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 = 50.
Step 4: To find the percentage discount, divide the discount amount by the marked price: 50 / 250.
Step 5: Multiply the result from Step 4 by 100 to convert it to a percentage: (50 / 250) * 100.
Step 6: The final result is 20%, which is the percentage discount offered.

Percentage Calculation – Understanding how to calculate the percentage discount based on the marked price and selling price.
Basic Arithmetic – Performing subtraction to find the discount amount and division to find the percentage.