My Learning Cart
?
Categories
Account

A product is marked at $500 and sold at a discount of 20%. What is the selling p

₹0.0
Login to Download
  • 📥 Instant PDF Download
  • ♾ Lifetime Access
  • 🛡 Secure & Original Content

What’s inside this PDF?

Question: A product is marked at $500 and sold at a discount of 20%. What is the selling price?

Options:

  1. $400
  2. $450
  3. $350
  4. $300

Correct Answer: $450

Solution: 

Discount = 20% of 500 = 100. Selling Price = Marked Price - Discount = 500 - 100 = 400.

A product is marked at $500 and sold at a discount of 20%. What is the selling p

Practice Questions

Q1
A product is marked at $500 and sold at a discount of 20%. What is the selling price?
  1. $400
  2. $450
  3. $350
  4. $300

Questions & Step-by-Step Solutions

A product is marked at $500 and sold at a discount of 20%. What is the selling price?
  • Step 1: Identify the marked price of the product, which is $500.
  • Step 2: Calculate the discount amount by finding 20% of the marked price. To do this, multiply 500 by 0.20 (which is the decimal form of 20%).
  • Step 3: The calculation for the discount is 500 * 0.20 = $100.
  • Step 4: Subtract the discount amount from the marked price to find the selling price. So, $500 - $100 = $400.
  • Step 5: The selling price of the product is $400.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount.
  • Discount Application – Applying the calculated discount to find the final selling price.
  • Basic Arithmetic – Performing subtraction to determine the selling price after discount.
Soulshift Feedback ×

On a scale of 0–10, how likely are you to recommend The Soulshift Academy?

Not likely Very likely
Home Practice Performance eBooks