A dress is marked at $120. If a discount of 15% is applied, what is the selling

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Question: A dress is marked at $120. If a discount of 15% is applied, what is the selling price?

Options:

Correct Answer: $102

Solution:

Selling Price = Marked Price - (Discount % of Marked Price) = 120 - (15/100 * 120) = 120 - 18 = $102.

A dress is marked at $120. If a discount of 15% is applied, what is the selling price?

A dress is marked at $120. If a discount of 15% is applied, what is the selling price?

Step 1: Identify the marked price of the dress, which is $120.
Step 2: Determine the discount percentage, which is 15%.
Step 3: Calculate the discount amount by multiplying the marked price by the discount percentage: 15% of $120.
Step 4: Convert the percentage to a decimal: 15% = 15/100 = 0.15.
Step 5: Multiply the marked price by the decimal: 0.15 * 120 = $18.
Step 6: Subtract the discount amount from the marked price to find the selling price: $120 - $18 = $102.

Percentage Calculation – Understanding how to calculate a percentage of a number and apply it to find the discount amount.
Subtraction in Pricing – Applying the discount to the marked price to find the final selling price.