If a product is marked at $150 and sold at a discount of 20%, what is the sellin

₹0.0

Question: If a product is marked at $150 and sold at a discount of 20%, what is the selling price?

Options:

Correct Answer: $120

Solution:

Discount = 20% of 150 = 0.20 * 150 = $30. Selling Price = Marked Price - Discount = 150 - 30 = $120.

If a product is marked at $150 and sold at a discount of 20%, what is the selling price?

If a product is marked at $150 and sold at a discount of 20%, what is the selling price?

Step 1: Identify the marked price of the product, which is $150.
Step 2: Determine the discount percentage, which is 20%.
Step 3: Calculate the discount amount by multiplying the marked price by the discount percentage: 0.20 * 150.
Step 4: Perform the multiplication: 0.20 * 150 = $30. This is the discount amount.
Step 5: Subtract the discount amount from the marked price to find the selling price: 150 - 30.
Step 6: Perform the subtraction: 150 - 30 = $120. This is the selling price.

Percentage Calculation – Understanding how to calculate a percentage of a number, in this case, finding 20% of the marked price.
Discount Application – Applying the calculated discount to determine the final selling price of the product.
Basic Arithmetic – Performing basic subtraction to find the selling price after applying the discount.