If a jacket is marked at $150 and is sold for $120, what is the discount percent

If a jacket is marked at $150 and is sold for $120, what is the discount percentage?

If a jacket is marked at $150 and is sold for $120, what is the discount percentage?

Correct Answer: 20%

Step 1: Identify the marked price of the jacket, which is $150.
Step 2: Identify the selling price of the jacket, which is $120.
Step 3: Calculate the discount amount by subtracting the selling price from the marked price: 150 - 120 = 30.
Step 4: Calculate the discount percentage by dividing the discount amount by the marked price: 30 / 150.
Step 5: Multiply the result from Step 4 by 100 to convert it to a percentage: (30 / 150) * 100.
Step 6: The final result is 20%, which is the discount percentage.

Discount Calculation – Understanding how to calculate the discount amount and the discount percentage based on the original price and the sale price.
Percentage Calculation – Applying the formula for percentage to find the discount percentage from the discount amount.