A product is marked at $120 and is sold at a 15% discount. What is the selling p

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Question: A product is marked at $120 and is sold at a 15% discount. What is the selling price of the product?

Options:

Correct Answer: $108

Solution:

Discount = 15% of 120 = 0.15 * 120 = $18. Selling price = 120 - 18 = $102.

A product is marked at $120 and is sold at a 15% discount. What is the selling price of the product?

A product is marked at $120 and is sold at a 15% discount. What is the selling price of the product?

Step 1: Identify the marked price of the product, which is $120.
Step 2: Determine the discount percentage, which is 15%.
Step 3: Calculate the discount amount by multiplying the marked price by the discount percentage: 0.15 * 120.
Step 4: Perform the multiplication: 0.15 * 120 = $18. This is the discount amount.
Step 5: Subtract the discount amount from the marked price to find the selling price: 120 - 18.
Step 6: Perform the subtraction: 120 - 18 = $102. This is the selling price of the product.

Percentage Calculation – Understanding how to calculate a percentage of a given amount.
Discount Application – Applying the calculated discount to find the final selling price.