Question

A $6,480 item was marked down by 5%

What is the new cost of the item?

Answer 1

New Cost of item is
`\$6156`

Explanation:

Given:

Original Cost of item =
`\$6480`

Item was marked down by
`5\%`

To Calculate Cost after
`5\%` marked down we need to multiply original cost by 5 and then divide by hundred.

Cost after
`5\%` marked down =
`(5 * \$6480)/(100) = \$ 324`

Now New cost of the item is calculated by Subtracting Cost after
`5\%` marked down by Original Cost of item

New cost of the item =
`\$6480-\$ 324 = \$ 6156`