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

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

Options:

  1. $120
  2. $130
  3. $140
  4. $150

Correct Answer: $120

Solution: 

Discount = 20% of 150 = 0.2 * 150 = $30. Selling Price = Marked Price - Discount = 150 - 30 = $120.

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

Practice Questions

Q1
If a product is marked at $150 and sold at a 20% discount, what is the selling price?
  1. $120
  2. $130
  3. $140
  4. $150

Questions & Step-by-Step Solutions

If a product is marked at $150 and sold at a 20% discount, what is the selling price?
  • Step 1: Identify the marked price of the product, which is $150.
  • Step 2: Calculate the discount by finding 20% of the marked price. To do this, multiply 0.2 by 150.
  • Step 3: Perform the multiplication: 0.2 * 150 = $30. This is the amount of the discount.
  • Step 4: Subtract the discount from the marked price to find the selling price. So, $150 - $30 = $120.
  • Step 5: The final selling price of the product is $120.
  • 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 the marked price to find the final selling price.
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