If a product is sold for $240 after a discount of 20%, what was the marked price

Practice Questions

Q1
If a product is sold for $240 after a discount of 20%, what was the marked price?
  1. $300
  2. $280
  3. $250
  4. $320

Questions & Step-by-Step Solutions

If a product is sold for $240 after a discount of 20%, what was the marked price?
  • Percentage Discount – Understanding how to calculate the selling price after applying a percentage discount to the marked price.
  • Algebraic Manipulation – Using algebra to solve for the marked price by setting up an equation based on the relationship between marked price, discount, and selling price.
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