Question

Find the new price for the markup, markdown, or discount given. Round to the nearest cent if necessary.

$13.50 discounted 75%

Answer 1

To find the new price after a 75% discount on a $13.50 item, convert the percentage to a decimal, multiply by the original price to find the discount, subtract from the original price, and round to $3.38.

Step-by-step explanation:

To solve the mathematical problem completely and find the new price after discounting $13.50 by 75%, you need to calculate the discount amount and subtract it from the original price.

Steps to Calculate Discount

1. Convert the discount percentage to a decimal by dividing by 100: 75% ÷ 100 = 0.75.
2. Multiply the original price by the decimal discount to find the amount of the discount: $13.50 × 0.75 = $10.125.
3. Subtract the discount amount from the original price to find the new price: $13.50 - $10.125 = $3.375.
4. Round the new price to the nearest cent: The nearest cent to $3.375 is $3.38.

Thus, the new price after a 75% discount on a $13.50 item is $3.38.