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A product is marked at $500 and is sold at a 15% discount. What is the selling p
A product is marked at $500 and is sold at a 15% discount. What is the selling price?
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Q1
A product is marked at $500 and is sold at a 15% discount. What is the selling price?
$425
$450
$475
$500
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Discount = 15% of 500 = 0.15 * 500 = 75. Selling price = 500 - 75 = 425.
Questions & Step-by-step Solutions
1 item
Q
Q: A product is marked at $500 and is sold at a 15% discount. What is the selling price?
Solution:
Discount = 15% of 500 = 0.15 * 500 = 75. Selling price = 500 - 75 = 425.
Steps: 6
Show Steps
Step 1: Identify the marked price of the product, which is $500.
Step 2: Determine the discount percentage, which is 15%.
Step 3: Calculate the discount amount by multiplying the marked price by the discount percentage: 0.15 * 500.
Step 4: Perform the multiplication: 0.15 * 500 = 75. This means the discount amount is $75.
Step 5: Subtract the discount amount from the marked price to find the selling price: 500 - 75.
Step 6: Perform the subtraction: 500 - 75 = 425. This means the selling price is $425.
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