If a product is marked at $200 and sold at a 15% discount, what is the selling p

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Question: If a product is marked at $200 and sold at a 15% discount, what is the selling price?

Options:

Correct Answer: $175

Solution:

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

If a product is marked at $200 and sold at a 15% discount, what is the selling price?

If a product is marked at $200 and sold at a 15% discount, what is the selling price?

Step 1: Identify the marked price of the product, which is $200.
Step 2: Determine the discount percentage, which is 15%.
Step 3: Calculate the discount amount by multiplying the marked price by the discount percentage: 0.15 * 200.
Step 4: Perform the multiplication: 0.15 * 200 = 30. This means the discount is $30.
Step 5: Subtract the discount from the marked price to find the selling price: 200 - 30.
Step 6: Perform the subtraction: 200 - 30 = 170. This means the selling price is $170.

Percentage Calculation – Understanding how to calculate a percentage of a number, in this case, the discount amount.
Subtraction – Applying subtraction to find the final selling price after the discount is applied.