BUSINESS ADMINISTRATION
FINANCIAL MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Lewis has a 25% off coupon for a tuxedo rental that costs $75. Calculate the sale price.
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$18.75
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$50.00
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$56.25
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Explanation:
Detailed explanation-1: -To calculate 25% discount of a price, we multiply the percentage discount by the original price (to get the discount amount) and then subtract the discount amount from the original price. Suppose the original price is $40 . To take a 25% discount from the original price, we have: $40−0.25($40)=$30.
Detailed explanation-2: -The discount and markup can be calculated using the following formula: Discount = Original price – Sale price. Discount = Discount %
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