Question

The price of an item has been reduced by 5%. The original price was $60. What is the price of the item now?

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Answer 1

The price of the item after a 5% reduction is now $57.

Explanation:

Calculate the reduction amount:

5% of $60 = 0.05 * $60 = $3

Subtract the reduction amount from the original price to find the new price:

$60 - $3 = $57

So, the price of the item now is $57.