An electronic gadget is marked at $200. If it is sold at a price after a 30% dis

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Question: An electronic gadget is marked at $200. If it is sold at a price after a 30% discount, what is the selling price?

Options:

Correct Answer: $140

Solution:

Selling Price = Marked Price - (Discount % * Marked Price) = 200 - (0.30 * 200) = 200 - 60 = $140.

An electronic gadget is marked at $200. If it is sold at a price after a 30% discount, what is the selling price?

An electronic gadget is marked at $200. If it is sold at a price after a 30% discount, what is the selling price?

Step 1: Identify the marked price of the electronic gadget, which is $200.
Step 2: Determine the discount percentage, which is 30%.
Step 3: Convert the discount percentage into decimal form by dividing by 100. So, 30% becomes 0.30.
Step 4: Calculate the amount of the discount by multiplying the marked price by the discount in decimal form: 0.30 * 200.
Step 5: Perform the multiplication: 0.30 * 200 = 60. This means the discount amount is $60.
Step 6: Subtract the discount amount from the marked price to find the selling price: 200 - 60.
Step 7: Perform the subtraction: 200 - 60 = 140. Therefore, the selling price is $140.

Percentage Calculation – Understanding how to calculate a percentage of a number and apply it to find discounts.
Basic Arithmetic – Performing basic operations such as multiplication and subtraction to find the final selling price.