#1
What is the formula to calculate the discount amount?
Discount = List Price × (1 - Discount Rate)
ExplanationCalculate discount by subtracting the discounted price from the original price.
#2
If an item originally costs $80 and is discounted by 25%, what is the final selling price?
$65
ExplanationSubtract the discount from the original price to get the final selling price.
#3
A store offers a 20% discount on all items. If a customer buys a $500 item, how much will they pay after the discount?
$480
ExplanationDiscount is subtracted from the original price to get the discounted price.
#4
If a store offers a 15% discount on all items and a customer buys a $200 item, how much will they pay after the discount?
$185
ExplanationDiscount is subtracted from the original price to get the discounted price.
#5
A product is listed at $80 with a trade discount of 10%. What is the net price?
$72
ExplanationNet price is the list price minus the trade discount.
#6
If an item originally costs $50 and is discounted by 20%, what is the final selling price?
$45
ExplanationSubtract the discount from the original price to get the final selling price.
#7
What does '2/10, net 30' mean in terms of trade discounts?
A 2% discount is offered if payment is made within 10 days, otherwise, the full amount is due within 30 days.
ExplanationOffers a 2% discount if payment is made within 10 days, otherwise full payment is due within 30 days.
#8
What is the trade discount rate if a $500 item is sold at a net price of $425?
10%
ExplanationThe trade discount is the difference between the list price and the net price, expressed as a percentage of the list price.
#9
What is the trade discount if a $1000 item is sold at a net price of $850?
$150
ExplanationTrade discount is the difference between the list price and the net price.
#10
If a $200 item is marked up by 40%, what is the selling price?
$240
ExplanationMarkup is added to the cost price to get the selling price.
#11
What is the net price of an item that has a list price of $1200 and a trade discount of 20%?
$960
ExplanationNet price is the list price minus the trade discount.
#12
What is the trade discount rate if a $300 item is sold at a net price of $255?
10%
ExplanationTrade discount rate is the difference between the list price and the net price, expressed as a percentage of the list price.
#13
A retailer purchased goods for $400 and sold them for $500. What is the markup percentage?
25%
ExplanationMarkup percentage is the difference between the selling price and the cost price, expressed as a percentage of the cost price.
#14
If an item is sold at a net price of $720 after a 25% discount, what was its original price?
$960
ExplanationOriginal price can be calculated by dividing the net price by (1 - discount percentage).
#15
If an item is sold for $1500 with a markup of 20%, what is the cost price?
$1250
ExplanationCost price is calculated by dividing the selling price by (1 + markup percentage).
#16
What is the discount rate if a $120 item is sold at a net price of $90?
20%
ExplanationDiscount rate is the difference between the list price and the net price, expressed as a percentage of the list price.
#17
What is the discount rate if a $200 item is sold at a net price of $160?
20%
ExplanationDiscount rate is the difference between the list price and the net price, expressed as a percentage of the list price.