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A shopkeeper marks a price of $500 on a sofa and gives a discount of 15%. What i

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Question: A shopkeeper marks a price of $500 on a sofa and gives a discount of 15%. What is the selling price?

Options:

  1. $425
  2. $450
  3. $475
  4. $500

Correct Answer: $425

Solution: 

Discount = 15% of 500 = 0.15 * 500 = $75. Selling Price = 500 - 75 = $425.

A shopkeeper marks a price of $500 on a sofa and gives a discount of 15%. What i

Practice Questions

Q1
A shopkeeper marks a price of $500 on a sofa and gives a discount of 15%. What is the selling price?
  1. $425
  2. $450
  3. $475
  4. $500

Questions & Step-by-Step Solutions

A shopkeeper marks a price of $500 on a sofa and gives a discount of 15%. What is the selling price?
  • Step 1: Identify the marked price of the sofa, which is $500.
  • Step 2: Calculate the discount amount by finding 15% of the marked price.
  • Step 3: To find 15% of $500, multiply 0.15 by 500.
  • Step 4: The result of 0.15 * 500 is $75, which is the discount amount.
  • Step 5: Subtract the discount amount from the marked price to find the selling price.
  • Step 6: Selling Price = Marked Price - Discount = 500 - 75.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount, in this case, the discount on the marked price.
  • Subtraction – Applying the discount to the marked price to find the selling price.
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