Final answer:
The correct answer is approximately option 1. To find the marked down price of the phone, subtract 10% of the original selling price from the original selling price to get the marked down price. In this case, the marked down price is $432.
Step-by-step explanation:
To find the marked down price of the phone, we need to subtract the discount from the original selling price. In this case, the discount is 10%, which means we can subtract 10% of 480 from 480.
Calculating 10% of 480, we get 10% * 480 = 0.1 * 480 = 48.
Subtracting the discount from the original price gives us 480 - 48 = 432.
Therefore, the marked down price of the phone is $432. Option 1 ($400) is incorrect, option 2 ($500) is incorrect, option 3 ($530) is incorrect, and option 4 ($550) is incorrect. The correct option is 432.