Question Details

A boutique orders a set of 15 handcrafted leather jackets, listed at $200 each, paying a total package price of $2,460. What is the discount percentage provided on this bulk transaction?

Options

A

18%

B

22%

C

15%

D

12%

Show Answer

Correct Answer :

Option A

18%

16%

Solution :

The correct option is 18%.

To find the discount percentage provided on this bulk transaction, we can follow these step-by-step calculations:

Step 1: Calculate the total listed price for all jackets.

The boutique orders 15 handcrafted leather jackets, listed at $200 each.

Total Listed Price=15×$200=$3,000

Step 2: Determine the total discount amount.

The boutique pays a total package price of $2,460 instead of the full listed price of $3,000.

Discount Amount=Total Listed Price-Package Price Paid

Discount Amount=$3,000-$2,460=$540

Step 3: Calculate the discount percentage.

The discount percentage is calculated by dividing the discount amount by the total listed price and multiplying the result by 100%:

Discount Percentage=Discount AmountTotal Listed Price×100%

Substitute the calculated values into the formula:

Discount Percentage=5403000×100%=0.18×100%=18%

Therefore, the discount percentage provided on this bulk transaction is 18%.

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