If a jacket is marked at $150 and is sold for $120, what is the discount percent
Practice Questions
Q1
If a jacket is marked at $150 and is sold for $120, what is the discount percentage?
15%
20%
25%
30%
Questions & Step-by-Step Solutions
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.
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