A store increases the price of a product by 20% and then offers a 10% discount o
Practice Questions
Q1
A store increases the price of a product by 20% and then offers a 10% discount on the new price. If the original price is $50, what is the final price after the discount?
$54
$55
$56
$57
Questions & Step-by-Step Solutions
A store increases the price of a product by 20% and then offers a 10% discount on the new price. If the original price is $50, what is the final price after the discount?
Correct Answer: $54
Step 1: Start with the original price of the product, which is $50.
Step 2: Calculate the amount of the 20% increase. To do this, multiply the original price by 0.20 (which is 20%). So, 50 * 0.20 = $10.
Step 3: Add the increase to the original price to find the new price. So, $50 + $10 = $60.
Step 4: Now, calculate the 10% discount on the new price of $60. To do this, multiply $60 by 0.10 (which is 10%). So, 60 * 0.10 = $6.
Step 5: Subtract the discount from the new price to find the final price. So, $60 - $6 = $54.
Percentage Increase – Understanding how to calculate a percentage increase on a given price.
Percentage Discount – Understanding how to apply a percentage discount to a new price after an increase.
Order of Operations – Recognizing the importance of performing calculations in the correct order.
