A product is marked at $120 and is sold at a discount of 25%. What is the sellin

A product is marked at $120 and is sold at a discount of 25%. What is the selling price of the product?

A product is marked at $120 and is sold at a discount of 25%. What is the selling price of the product?

Correct Answer: 90

Step 1: Identify the marked price of the product, which is $120.
Step 2: Calculate the discount amount by finding 25% of the marked price. This is done by multiplying 0.25 (which represents 25%) by 120.
Step 3: Perform the multiplication: 0.25 * 120 = 30. This means the discount is $30.
Step 4: Subtract the discount from the marked price to find the selling price. This is done by calculating 120 - 30.
Step 5: Perform the subtraction: 120 - 30 = 90. Therefore, the selling price of the product is $90.

Percentage Calculation – Understanding how to calculate a percentage of a number, in this case, finding 25% of the marked price.
Discount Application – Applying the calculated discount to the marked price to find the selling price.
Basic Arithmetic – Performing basic subtraction to determine the final selling price after discount.