Question

What is the sale price of a $63 sweater if the discount rate is 15%?Round to the nearest cent. Do not put a $ in your answer.

Answer 1

Answer:

Concept:

The formula to calculate the selling price of the sweat will be

$\text{Selling price=original price - discount}$

Step 1:

Calculate the discount price

The discount rate given is

$=15\%$

The discounted price will be

$\begin{gathered} =\frac{15}{100}\times\text{ \ 63} \\ =\frac{945}{100} \\ =\text{ \ 9.45} \end{gathered}$

Step 2:

Calculate the selling price, we will have

$\begin{gathered} \text{Selling price=original price - discount} \\ \text{Selling price}=63-9.45 \\ \text{Selling price}=53.55 \end{gathered}$

Hence,

The sale price of the sweater will be = $ 53.55