23% Discount on bike

mediumGrade 6-8discount

The Problem

A bike costs $293. The store offers a 23% discount. What is the final price?

Answer:

$226

Key Information

  • Original price: $293
  • Discount: 23%

Formula

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

Step-by-Step Solution

1

Identify original price and discount

Original price = $293, Discount = 23%
2

Calculate discount amount

Discount = 293 × 23% = 293 × 0.23
3

Calculate discount value

293 × 0.23 = $67
4

Subtract discount from original price

293 - 67 = 226
5

Final answer

The final price is $226

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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