A laptop is marked at $800. If it is sold for $720, what is the percentage disco

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Question: A laptop is marked at $800. If it is sold for $720, what is the percentage discount given?

Options:

Correct Answer: 12.5%

Solution:

Discount = Marked Price - Selling Price = 800 - 720 = $80. Percentage Discount = (80/800) * 100 = 10%.

A laptop is marked at $800. If it is sold for $720, what is the percentage discount given?

A laptop is marked at $800. If it is sold for $720, what is the percentage discount given?

Step 1: Identify the marked price of the laptop, which is $800.
Step 2: Identify the selling price of the laptop, which is $720.
Step 3: Calculate the discount by subtracting the selling price from the marked price: $800 - $720.
Step 4: The result of the subtraction is $80, which is the discount amount.
Step 5: To find the percentage discount, divide the discount amount ($80) by the marked price ($800).
Step 6: The result of the division is 0.1.
Step 7: To convert this to a percentage, multiply by 100: 0.1 * 100.
Step 8: The final result is 10%, 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.