A product is marked at $500 and sold for $450 after a discount. What is the disc

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Question: A product is marked at $500 and sold for $450 after a discount. What is the discount percentage?

Options:

Correct Answer: 15%

Solution:

Discount = Marked Price - Selling Price = 500 - 450 = 50. Discount Percentage = (Discount/Marked Price) * 100 = (50/500) * 100 = 10%.

A product is marked at $500 and sold for $450 after a discount. What is the discount percentage?

A product is marked at $500 and sold for $450 after a discount. What is the discount percentage?

Step 1: Identify the marked price of the product, which is $500.
Step 2: Identify the selling price of the product after the discount, which is $450.
Step 3: Calculate the discount amount by subtracting the selling price from the marked price: 500 - 450 = 50.
Step 4: Calculate the discount percentage by dividing the discount amount by the marked price: 50 / 500.
Step 5: Multiply the result from Step 4 by 100 to convert it to a percentage: (50 / 500) * 100.
Step 6: The final result is 10%, which is the discount percentage.

Discount Calculation – Understanding how to calculate the discount amount and the discount percentage based on marked price and selling price.
Percentage Calculation – Applying the formula for percentage to find the discount percentage from the discount amount.