If a product is marked at $250 and sold at a discount of 20%, what is the sellin

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Question: If a product is marked at $250 and sold at a discount of 20%, what is the selling price?

Options:

Correct Answer: $200

Solution:

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

If a product is marked at $250 and sold at a discount of 20%, what is the selling price?

If a product is marked at $250 and sold at a discount of 20%, what is the selling price?

Step 1: Identify the marked price of the product, which is $250.
Step 2: Determine the discount percentage, which is 20%.
Step 3: Calculate the amount of the discount by multiplying the marked price by the discount percentage: 20/100 * 250.
Step 4: Perform the multiplication: 20/100 equals 0.2, and 0.2 * 250 equals $50.
Step 5: Subtract the discount amount from the marked price to find the selling price: 250 - 50.
Step 6: Perform the subtraction: 250 - 50 equals $200.

Percentage Calculation – Understanding how to calculate a percentage of a number and apply it to find discounts.
Basic Arithmetic – Performing basic subtraction to find the selling price after applying the discount.