A bicycle is marked at $300. If a discount of 15% is applied, what is the sellin

₹0.0

Question: A bicycle is marked at $300. If a discount of 15% is applied, what is the selling price?

Options:

Correct Answer: $255

Solution:

Selling Price = Marked Price - (Discount % * Marked Price) = 300 - (0.15 * 300) = 300 - 45 = $255.

A bicycle is marked at $300. If a discount of 15% is applied, what is the selling price?

A bicycle is marked at $300. If a discount of 15% is applied, what is the selling price?

Step 1: Identify the marked price of the bicycle, which is $300.
Step 2: Determine the discount percentage, which is 15%.
Step 3: Convert the discount percentage into decimal form by dividing by 100. So, 15% becomes 0.15.
Step 4: Calculate the amount of the discount by multiplying the marked price by the decimal discount. This is 0.15 * 300.
Step 5: Perform the multiplication: 0.15 * 300 = 45. This means the discount amount is $45.
Step 6: Subtract the discount amount from the marked price to find the selling price. This is 300 - 45.
Step 7: Perform the subtraction: 300 - 45 = 255. Therefore, the selling price is $255.

Percentage Calculation – Understanding how to calculate a percentage of a number and apply it to find the discount amount.
Basic Arithmetic – Performing basic subtraction to find the final selling price after applying the discount.