Question

To move an overstocked item, a discount of 15% is given on a backpack with a marked price of $70. Find the amount of the discount and the selling price.

a) Discount: $10.50, Selling Price: $59.50
b) Discount: $15.00, Selling Price: $55.00
c) Discount: $11.50, Selling Price: $58.50
d) Discount: $10.00, Selling Price: $60.00

Answer 1

The amount of the discount is $10.50 and the selling price is $59.50.

Step-by-step explanation:

To find the amount of the discount, multiply the marked price of the backpack by the discount rate. $70 * 0.15 = $10.50. So the amount of the discount is $10.50.

find the selling price, subtract the amount of the discount from the marked price. $70 - $10.50 = $59.50. So the selling price is $59.50.

Answer 2

A 15% discount on a $70 backpack is $10.50, making the selling price $59.50.

Step-by-step explanation:

The student is asking for help in calculating the amount of discount given on a backpack and the resultant selling price after applying a 15% discount on the marked price of $70. To solve this, you will first need to calculate the discount amount by converting the discount rate from a percentage into a decimal. Then, you multiply this decimal by the marked price to find the dollar amount of the discount.

Calculate the discount:
$70 × 0.15 = $10.50

Now, subtract the discount from the marked price to find the selling price:
$70 - $10.50 = $59.50

The correct answer is a): Discount: $10.50, Selling Price: $59.50.