What is 20 percent off of 15 dollars? This is a common question that arises when we want to understand the concept of discounts and how they affect the final price of a product. In this article, we will delve into the calculation and significance of a 20 percent discount on a 15-dollar item.
The concept of a discount is straightforward. It refers to a reduction in the original price of a product, service, or item. In this case, we are looking at a 20 percent discount on a 15-dollar item. To calculate the discount, we need to determine 20 percent of 15 dollars.
To find 20 percent of a number, we multiply the number by 0.20. So, 20 percent of 15 dollars is calculated as follows:
20% of 15 dollars = 0.20 15 = 3 dollars
This means that the discount on the 15-dollar item is 3 dollars. To find the final price after the discount, we subtract the discount amount from the original price:
Final price = Original price – Discount amount
Final price = 15 dollars – 3 dollars
Final price = 12 dollars
Therefore, after applying a 20 percent discount, the 15-dollar item will cost 12 dollars. This discount can be a great opportunity for consumers to save money on their purchases.
Understanding discounts is essential for both buyers and sellers. For buyers, it helps in making informed decisions about their purchases, ensuring they get the best deals. For sellers, discounts can be a strategic tool to boost sales and attract more customers.
In conclusion, a 20 percent discount on a 15-dollar item amounts to a 3-dollar reduction in the price. This calculation demonstrates the importance of understanding discounts and how they can impact the final price of a product. Whether you are a buyer or a seller, knowing how to calculate and apply discounts can be a valuable skill in today’s economy.
