If a product is marked at $200 and sold at a discount of 15%, what is the sellin

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Question: If a product is marked at $200 and sold at a discount of 15%, what is the selling price?

Options:

Correct Answer: $180

Solution:

Discount = 15% of 200 = 0.15 * 200 = $30. Selling Price = Marked Price - Discount = 200 - 30 = $170.

If a product is marked at $200 and sold at a discount of 15%, what is the selling price?

If a product is marked at $200 and sold at a discount of 15%, what is the selling price?

Step 1: Identify the marked price of the product, which is $200.
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 * 200.
Step 4: Perform the multiplication: 0.15 * 200 = $30. This is the discount amount.
Step 5: Subtract the discount amount from the marked price to find the selling price: 200 - 30.
Step 6: Perform the subtraction: 200 - 30 = $170. This is the selling price.

Percentage Calculation – Understanding how to calculate a percentage of a given amount, in this case, finding 15% of the marked price.
Discount Application – Applying the calculated discount to determine the final selling price after the discount is subtracted from the marked price.