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A trader marks a price of $500 on a product and offers a discount of 10%. What i

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Question: A trader marks a price of $500 on a product and offers a discount of 10%. What is the selling price?

Options:

  1. $450
  2. $400
  3. $475
  4. $425

Correct Answer: $450

Solution: 

Discount = 10% of 500 = 50. Selling Price = Marked Price - Discount = 500 - 50 = 450.

A trader marks a price of $500 on a product and offers a discount of 10%. What i

Practice Questions

Q1
A trader marks a price of $500 on a product and offers a discount of 10%. What is the selling price?
  1. $450
  2. $400
  3. $475
  4. $425

Questions & Step-by-Step Solutions

A trader marks a price of $500 on a product and offers a discount of 10%. What is the selling price?
  • Step 1: Identify the marked price of the product, which is $500.
  • Step 2: Calculate the discount by finding 10% of the marked price. To do this, multiply 500 by 0.10 (which is the decimal form of 10%).
  • Step 3: The calculation for the discount is 500 * 0.10 = $50.
  • Step 4: Subtract the discount from the marked price to find the selling price. So, $500 - $50 = $450.
  • Step 5: The selling price of the product is $450.
  • Percentage Calculation – Understanding how to calculate a percentage of a given number, in this case, the discount on the marked price.
  • Basic Arithmetic – Performing simple subtraction to find the selling price after applying the discount.
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