A store increases the price of a product by 20% and then offers a 10% discount. If the original price was $50, what is the final price?

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Q: A store increases the price of a product by 20% and then offers a 10% discount. If the original price was $50, what is the final price?

Solution: New price after increase = 50 + (20% of 50) = 50 + 10 = 60. Discount = 10% of 60 = 6. Final price = 60 - 6 = 54.

Steps: 5

Step 1: Start with the original price of the product, which is $50.
Step 2: Calculate the amount of the price increase by finding 20% of $50. This is done by multiplying 50 by 0.20, which equals $10.
Step 3: Add the price increase to the original price. So, $50 + $10 = $60. This is the new price after the increase.
Step 4: Calculate the discount amount by finding 10% of the new price ($60). This is done by multiplying 60 by 0.10, which equals $6.
Step 5: Subtract the discount from the new price. So, $60 - $6 = $54. This is the final price after the discount.