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If a shopkeeper sells a product for $240 after a discount of 20%, what was the m

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Question: If a shopkeeper sells a product for $240 after a discount of 20%, what was the marked price?

Options:

  1. $300
  2. $280
  3. $250
  4. $320

Correct Answer: $300

Solution: 

Let the marked price be x. After a 20% discount, Selling Price = x - 0.2x = 0.8x. 0.8x = 240, x = 240/0.8 = 300.

If a shopkeeper sells a product for $240 after a discount of 20%, what was the m

Practice Questions

Q1
If a shopkeeper sells a product for $240 after a discount of 20%, what was the marked price?
  1. $300
  2. $280
  3. $250
  4. $320

Questions & Step-by-Step Solutions

If a shopkeeper sells a product for $240 after a discount of 20%, what was the marked price?
  • Percentage Discount – Understanding how to calculate the selling price after applying a percentage discount to the marked price.
  • Algebraic Manipulation – Using algebra to solve for the marked price by setting up an equation based on the selling price.
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