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A trader marks a price of $1000 on an item and offers a discount of 15%. What is

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Question: A trader marks a price of $1000 on an item and offers a discount of 15%. What is the selling price?

Options:

  1. $850
  2. $900
  3. $950
  4. $800

Correct Answer: $850

Solution: 

Discount = 15% of 1000 = 150. Selling Price = Marked Price - Discount = 1000 - 150 = 850.

A trader marks a price of $1000 on an item and offers a discount of 15%. What is

Practice Questions

Q1
A trader marks a price of $1000 on an item and offers a discount of 15%. What is the selling price?
  1. $850
  2. $900
  3. $950
  4. $800

Questions & Step-by-Step Solutions

A trader marks a price of $1000 on an item and offers a discount of 15%. What is the selling price?
  • Step 1: Identify the marked price of the item, which is $1000.
  • Step 2: Calculate the discount by finding 15% of the marked price. To do this, multiply 1000 by 0.15 (which is 15% in decimal form).
  • Step 3: The calculation for the discount is 1000 * 0.15 = 150.
  • Step 4: Subtract the discount from the marked price to find the selling price. So, $1000 - $150 = $850.
  • Step 5: The selling price of the item is $850.
  • Percentage Calculation – Understanding how to calculate a percentage of a given number, in this case, the discount.
  • Subtraction – Applying basic arithmetic to find the selling price after applying the discount.
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