Final answer:
To find the final price after discount, first convert the discount to a decimal and multiply by the original price. Subtract this amount from the original price to get the discounted final price. In this case, the final price is $101.19.
Step-by-step explanation:
To calculate the final value of a product after applying a discount, you can use the formula: final price = price - (price × discount). For a product with a price of $114.99 and a discount of 12%, the first step is to convert the discount percentage into a decimal. To do this, we divide the percentage by 100, which gives us 0.12. Then, we multiply the price by the discount rate to find out how much money the discount represents: $114.99 × 0.12 = $13.7988.
Next, we subtract this discount value from the original price to get the final price: $114.99 - $13.7988 = $101.1912. It is common to round this to the nearest cent, resulting in a final price of $101.19. Therefore, the final value after applying the discount is $101.19.