15% Discount on bike

mediumGrade 6-8discount

The Problem

A bike costs $195. The store offers a 15% discount. What is the final price?

Answer:

$166

Key Information

  • Original price: $195
  • Discount: 15%

Formula

Final Price = Original Price - (Original Price × Discount%)

Step-by-Step Solution

1

Identify original price and discount

Original price = $195, Discount = 15%
2

Calculate discount amount

Discount = 195 × 15% = 195 × 0.15
3

Calculate discount value

195 × 0.15 = $29
4

Subtract discount from original price

195 - 29 = 166
5

Final answer

The final price is $166

Common Mistakes to Avoid

  • Forgetting to subtract the discount from original price
  • Calculating percentage incorrectly

Helpful Tips

  • Convert percentage to decimal by dividing by 100
  • Multiply, then subtract from original price

Real-World Application

Discount calculations help you save money when shopping during sales.

Related Topics:

percentagediscountmoneyword problems

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