A book is marked at $200. If it is sold for $160, what is the percentage discoun

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Question: A book is marked at $200. If it is sold for $160, what is the percentage discount given?

Options:

Correct Answer: 25%

Solution:

Discount = Marked Price - Selling Price = 200 - 160 = $40. Percentage Discount = (40/200) * 100 = 20%.

A book is marked at $200. If it is sold for $160, what is the percentage discount given?

A book is marked at $200. If it is sold for $160, what is the percentage discount given?

Step 1: Identify the marked price of the book, which is $200.
Step 2: Identify the selling price of the book, which is $160.
Step 3: Calculate the discount by subtracting the selling price from the marked price: $200 - $160 = $40.
Step 4: To find the percentage discount, divide the discount amount by the marked price: $40 / $200.
Step 5: Multiply the result from Step 4 by 100 to convert it to a percentage: (40 / 200) * 100.
Step 6: The final result is 20%, which is the percentage discount given.

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