A bicycle is marked at $300. If it is sold for $240 after a discount, what is th

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Question: A bicycle is marked at $300. If it is sold for $240 after a discount, what is the discount percentage?

Options:

Correct Answer: 25%

Solution:

Discount = 300 - 240 = $60. Discount Percentage = (60/300) * 100 = 20%.

A bicycle is marked at $300. If it is sold for $240 after a discount, what is the discount percentage?

A bicycle is marked at $300. If it is sold for $240 after a discount, what is the discount percentage?

Step 1: Identify the marked price of the bicycle, which is $300.
Step 2: Identify the selling price after the discount, which is $240.
Step 3: Calculate the discount amount by subtracting the selling price from the marked price: 300 - 240 = $60.
Step 4: To find the discount percentage, divide the discount amount by the marked price: 60 / 300.
Step 5: Multiply the result from Step 4 by 100 to convert it to a percentage: (60 / 300) * 100.
Step 6: Calculate the final result: (60 / 300) * 100 = 20%.

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