If a material cost is $250 and you receive a 20% discount, what is the discount amount?

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Prepare for the Local 483 Apprenticeship Exam. Utilize flashcards and multiple-choice questions, with hints and explanations for each. Get exam-ready today!

Multiple Choice

If a material cost is $250 and you receive a 20% discount, what is the discount amount?

Explanation:
Calculating a discount means taking the percentage of the original price. Convert 20% to a decimal (0.20) and multiply by the cost: 0.20 × 250 = 50. So the discount amount is $50. An easy check is that 20% is one-fifth, and one-fifth of 250 is 50. If you needed the new price after the discount, it would be 250 − 50 = 200, but the question asks for the discount amount itself.

Calculating a discount means taking the percentage of the original price. Convert 20% to a decimal (0.20) and multiply by the cost: 0.20 × 250 = 50. So the discount amount is $50. An easy check is that 20% is one-fifth, and one-fifth of 250 is 50. If you needed the new price after the discount, it would be 250 − 50 = 200, but the question asks for the discount amount itself.

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