Final answer:
To find the amount paid for an item after a 95% discount, one calculates 5% of its original price. The original price being $21, the final price after the discount is $1.05, which is answer choice A.
Step-by-step explanation:
The question requires us to calculate the final price of an item after a significant discount has been applied. To determine the amount paid for an item reduced by 95%, we need to calculate 5% of the original price, because paying only 5% is effectively the same as getting a 95% discount.
We can calculate 5% of the original price using the following steps:
- Convert the percentage to a decimal by dividing it by 100, so 5% becomes 0.05.
- Multiply the decimal by the original price of the item: $21.00 × 0.05 = $1.05.
Thus, after a 95% discount, the amount paid for the item originally priced at $21 would be $1.05. This corresponds to answer choice A.