Quantitative Literacy Practice Exam

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Boost your quantitative literacy skills with our comprehensive exam. Study interactive quizzes and in-depth explanations. Master the test with confidence!

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If a product costs $65 and is on sale for 30% off, what is the sale price?

$45.50
$46.00
$48.50
$50.00

The correct answer is: $45.50

To calculate the sale price of a product that costs $65 with a 30% discount, first, you need to determine how much the discount amounts to. This is done by multiplying the original price by the percentage discount: 1. Calculate the discount: - Discount = Original Price × Discount Percentage - Discount = $65 × 0.30 = $19.50 2. Subtract the discount from the original price to find the sale price: - Sale Price = Original Price - Discount - Sale Price = $65 - $19.50 = $45.50 Thus, the sale price after applying the 30% discount is $45.50, which makes it the correct answer. This approach systematically combines understanding percent calculations with basic arithmetic to arrive at the final price.