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

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} =(15)/(100)*\text{ \$63} \\ =(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