Question

A discount store promises that all items it sells are 40% of their normal asking retail price. If one buys shoes that normally retail for $60.99 what is the price you would expect to pay? ( NOTICE IT IS 40% of not 40% off. Which plays a big difference) someone please help me find the answer and explain how you got the answer. I’m in algebra 1 and I am no good at math. Thanks.

Answer 1

$24.4

Explanation:

We are given that a discount store promises that all items it sells are 40% of their normal asking retail price.

If a shoes have a retail price of $60.99, we are to find the expected price of the shoes at this store.

Expected price of shoes = 40% of $60.99 =
`\frac { 4 0 } { 1 0 0 } * 6 0 . 9 9` = $24.4