Question

4.

A dealer in motorcycles gives a
discount of 5%if full payment
is made within three months.
How much would a $9,500
motorcycle cost if payment is
made within three months?

Answer 1

$ 9,025

Explanation:

As the policy is to give a 5% discount on payment within three months:

Actual price of motorcycle: $9,500

As payment is made within 3 months so:

Discount = 5% of $9,500

Calculating Discount:

=5/100 *9,500

=0.05 * 9,500

=$475

Amount after discount = Total Cost - Discount

Amount after discount = $9,500-$475

Amount after discount = $9,025