Final answer:
To calculate the discount, multiply the original price of P3,500.00 by 0.15 to get P525.00. Then, subtract the discount from the original price to find the sale price, which is P2,975.00.
Step-by-step explanation:
The question pertains to calculating the discount and the sale price of a house and lot with an original price of P3,500.00 and a discount rate of 15%. To find the discount, you multiply the original price (P3,500.00) by the discount rate (0.15). Then, to get the sale price, you subtract the discount amount from the original price. Here's the calculation:
- Discount = Original Price × Discount Rate
- Discount = P3,500.00 × 0.15
- Discount = P525.00
- Sale Price = Original Price - Discount
- Sale Price = P3,500.00 - P525.00
- Sale Price = P2,975.00
The discount on the house and lot is P525.00, and the sale price after applying the discount is P2,975.00.