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

Practice Questions

Q1
A product is marked at $120 and is sold at a 25% discount. What is the selling price of the product?
  1. $80
  2. $85
  3. $90
  4. $95

Questions & Step-by-Step Solutions

A product is marked at $120 and is sold at a 25% discount. 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. To do this, multiply 120 by 0.25 (which is 25% in decimal form).
  • Step 3: The discount amount is 120 * 0.25 = $30.
  • Step 4: Subtract the discount amount from the marked price to find the selling price. So, $120 - $30 = $90.
  • Step 5: The selling price of the product is $90.
  • Percentage Calculation – Understanding how to calculate a percentage of a given number, in this case, finding 25% of the marked price.
  • Subtraction – Performing subtraction to find the final selling price after applying the discount.
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