Question

A store is holding a sale during which all items will be sold at 30% less than their marked prices. How much will a rug marked $200 cost during the sale?

Answer 1

Cost of rug during sale = $140

Explanation:

Given

Marked price of rug in a store = $200

The store is holding a sale and offering a flat 30% less on marked price on all items

This means the sale price of all items would decrease by 30%

We can calculate the discount offered by taking out percentage discount of the marked price.

Discount offered on rug = 30% of Marked price
`=0.30*200=\$60`

The discount is then subtracted from the marked price to get the price of rug during sale.

∴ Price of rug during sale = Marked price - Discount
`=\$200-\$60 =\$140`