If a product is marked at $200 and is sold at a 10% discount, what is the sellin

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Question: If a product is marked at $200 and is sold at a 10% discount, what is the selling price?

Options:

Correct Answer: $180

Solution:

Selling price = 200 - (0.1 * 200) = 200 - 20 = 180

If a product is marked at $200 and is sold at a 10% discount, what is the selling price?

If a product is marked at $200 and is sold at a 10% discount, what is the selling price?

Correct Answer: 180

Step 1: Identify the original price of the product, which is $200.
Step 2: Determine the discount percentage, which is 10%.
Step 3: Convert the discount percentage to a decimal by dividing by 100. So, 10% becomes 0.1.
Step 4: Calculate the amount of the discount by multiplying the original price by the decimal discount. This is 0.1 * 200 = $20.
Step 5: Subtract the discount amount from the original price to find the selling price. So, $200 - $20 = $180.

Percentage Calculation – Understanding how to calculate a percentage of a given amount and apply it to find a discount.
Basic Arithmetic – Performing basic subtraction to find the final selling price after applying the discount.