If a company offers a 30\% sales discount on a product originally priced at \$10, what is the net sales amount after the discount?

• A. \$10
• B. \$9
• C. \$7
• D. \$3

Answer: (C)

Verified step by step guidance

1. Step 1: Understand the problem. The company is offering a 30% sales discount on a product originally priced at \$10. The goal is to calculate the net sales amount after applying the discount.
2. Step 2: Identify the formula for calculating the discount amount. The discount amount can be calculated using the formula: Discount Amount = Original Price × Discount Rate. In this case, the Original Price is \$10 and the Discount Rate is 30% (or 0.30).
3. Step 3: Subtract the discount amount from the original price to find the net sales amount. The formula for net sales amount is: Net Sales Amount = Original Price - Discount Amount.
4. Step 4: Substitute the values into the formulas. Use the Original Price of \$10 and the Discount Rate of 0.30 to calculate the Discount Amount. Then subtract the Discount Amount from \$10 to find the Net Sales Amount.
5. Step 5: Verify the calculation conceptually. Ensure that the net sales amount reflects the original price reduced by the discount percentage, and confirm that the result aligns with the expected discounted price.