What is 15% percent discount on 18 dollars?
The Correct Answer and Explanation is :
To calculate a 15% discount on $18, you can follow these steps:
- Convert the percentage to a decimal: To convert 15% into a decimal, divide it by 100.
[
15\% = \frac{15}{100} = 0.15
] - Calculate the discount amount: Multiply the original price by the decimal representation of the percentage.
[
\text{Discount} = 18 \times 0.15 = 2.70
] - Subtract the discount from the original price: Finally, subtract the discount from the original price to find the sale price.
[
\text{Sale Price} = 18 – 2.70 = 15.30
]
Thus, a 15% discount on $18 results in a discount of $2.70, making the final price $15.30.
Explanation of Discounts
Understanding discounts is essential in personal finance and retail. A discount is a reduction in the original price of a product or service, often used as a sales strategy to attract customers and increase sales volume. Discounts can be expressed in percentages, like the 15% discount in this example, which makes it easier for customers to comprehend the value they are receiving.
When a discount is applied, it not only makes the purchase more appealing but also impacts budgeting and spending decisions. For example, knowing how to calculate the discount helps consumers determine whether they can afford a purchase or if it’s worth waiting for a better deal.
In retail settings, discounts can vary widely, from seasonal sales to clearance events. Consumers often use discounted prices as a gauge for value, comparing them to regular prices to assess savings. Understanding the concept of percentage discounts can also encourage more informed shopping habits, as consumers may become more aware of pricing trends and how to maximize their savings.
Overall, being able to calculate discounts quickly empowers consumers, helping them make savvy shopping decisions while understanding the impact on their finances.