A product is marked at $200 and is sold at a discount of 15%. What is the sellin

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Question: A product is marked at $200 and is sold at a discount of 15%. What is the selling price?

Options:

Correct Answer: $170

Solution:

Discount = 15% of 200 = 0.15 * 200 = 30. Selling Price = Marked Price - Discount = 200 - 30 = 170.

A product is marked at $200 and is sold at a discount of 15%. What is the selling price?

A product is marked at $200 and is sold at a discount of 15%. What is the selling price?

Step 1: Identify the marked price of the product, which is $200.
Step 2: Calculate the discount by finding 15% of the marked price. This is done by multiplying 0.15 by 200.
Step 3: Perform the multiplication: 0.15 * 200 = 30. This means the discount is $30.
Step 4: Subtract the discount from the marked price to find the selling price. This is done by calculating 200 - 30.
Step 5: Perform the subtraction: 200 - 30 = 170. Therefore, the selling price is $170.

Percentage Calculation – Understanding how to calculate a percentage of a given amount, in this case, the discount on the marked price.
Subtraction of Values – Applying the discount to the marked price to find the final selling price.