Question

A 10% discount is offered on a certain item that sells for $10.95. How much is the discount and what is the discounted sales price? Amount of discount = Price after discount =

Answer 1

Amount of discount
10.95×0.10=1.095
After discount the price
10.95−1.095=9.855

Answer 2

Answer: Amount of Discount = $1.1

Price after discount = $9.8551

Explanation:

Given: Marking price of an item= $10.95

Discount percent on item =10%

We know that formula to calculate discount percent is given by :-

`\text{Discount percent}=\frac{\text{Discount}}{\text{Marking price}}*100\\\\\Rightarrow10=\frac{\text{Discount}}{10.95}*100\\\\\Rightarrow\ \text{Discount}=(10*10.95)/(100)=1.095\approx1.1 ................\text{[To the nearest cents]}`

Hence, the discount on item = $1.1

Now, the discounted price =Marking price- Discount

`=\$10.95-\$1.1=\$9.85`

Hence, the discounted price = $9.85