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A product's price is decreased by 30%. If the original price is $80, what is the

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Question: A product\'s price is decreased by 30%. If the original price is $80, what is the new price?

Options:

  1. $56
  2. $54
  3. $60
  4. $58

Correct Answer: $56

Solution: 

New Price = Original Price - (30% of Original Price) = 80 - (0.3 * 80) = 80 - 24 = $56.

A product's price is decreased by 30%. If the original price is $80, what is the

Practice Questions

Q1
A product's price is decreased by 30%. If the original price is $80, what is the new price?
  1. $56
  2. $54
  3. $60
  4. $58

Questions & Step-by-Step Solutions

A product's price is decreased by 30%. If the original price is $80, what is the new price?
  • Step 1: Identify the original price of the product, which is $80.
  • Step 2: Calculate 30% of the original price. To do this, multiply the original price by 0.3: 0.3 * 80.
  • Step 3: Perform the multiplication: 0.3 * 80 = 24.
  • Step 4: Subtract the amount calculated in Step 3 from the original price: 80 - 24.
  • Step 5: Perform the subtraction: 80 - 24 = 56.
  • Step 6: The new price of the product after the decrease is $56.
  • Percentage Decrease – Understanding how to calculate a percentage decrease from an original price.
  • Basic Arithmetic – Performing basic arithmetic operations such as multiplication and subtraction.
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