ECONOMICS (CBSE/UGC NET)

ECONOMICS

INCENTIVES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What is the final price if you have a 40% off coupon on an $88.00 handbag?
A
$52.80
B
$35.20
C
$45.20
D
$52.20
Explanation: 

Detailed explanation-1: -For example, you may want to calculate the sale price of a shirt that regularly costs Rs 1, 000. If the shirt is 20% off, you must convert 20% to a decimal (20/100 = 0.2). You have Rs 1, 000 * 0.2 = Rs 200. You then subtract the discount from the original price as Rs 1, 000 – Rs 200 = Rs 800.

Detailed explanation-2: -Divide the number by 100 (move the decimal place two places to the left). Multiply this new number by the percentage you want to take off. Subtract the number from step 2 from the original number. This is your percent off number. 09-Jan-2023

Detailed explanation-3: -Find the original price (for example $90 ) Get the the discount percentage (for example 20% ) Calculate the savings: 20% of $90 = $18. Subtract the savings from the original price to get the sale price: $90-$18 = $72. You’re all set! 29-Dec-2022

Detailed explanation-4: -The amount that is being deducted from the MRP is 20*500/100 = Rs. 100. The amount that the customer pays after the discount = MRP – Discounted Amount = 500-100= Rs. 400. Savings to the customer because of the discount = Rs. 100.

There is 1 question to complete.