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A trader marks an article at $800 and allows a discount of 15%. What is the sell

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Question: A trader marks an article at $800 and allows a discount of 15%. What is the selling price?

Options:

  1. $680
  2. $700
  3. $750
  4. $720

Correct Answer: $680

Solution: 

Discount = 15% of 800 = 0.15 * 800 = 120. Selling Price = Marked Price - Discount = 800 - 120 = 680.

A trader marks an article at $800 and allows a discount of 15%. What is the sell

Practice Questions

Q1
A trader marks an article at $800 and allows a discount of 15%. What is the selling price?
  1. $680
  2. $700
  3. $750
  4. $720

Questions & Step-by-Step Solutions

A trader marks an article at $800 and allows a discount of 15%. What is the selling price?
  • Step 1: Identify the marked price of the article, which is $800.
  • Step 2: Calculate the discount percentage, which is 15%.
  • Step 3: Convert the discount percentage to a decimal by dividing by 100: 15% = 0.15.
  • Step 4: Calculate the amount of the discount by multiplying the marked price by the decimal: 0.15 * 800 = $120.
  • Step 5: Subtract the discount amount from the marked price to find the selling price: 800 - 120 = $680.
  • Percentage Calculation – Understanding how to calculate a percentage of a given amount, in this case, the discount on the marked price.
  • Selling Price Calculation – Determining the final selling price by subtracting the discount from the marked price.
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