Final answer:
First, find the discount for each item by multiplying the original price by the discount percentage. Subtract these amounts from the original prices to get the discounted prices. Then, add the discounted prices together to find the total cost, which is $79.
Step-by-step explanation:
The question asks about calculating the total cost of two items after discounts have been applied. We start by calculating the discount for each item separately and then subtracting that discount from the original price to find the discounted price. Finally, we add the discounted prices of both items to get the total cost.
For the $40 glove with a 15% discount, the discount amount is 40 * 0.15 = $6. Therefore, the discounted price of the glove is 40 - 6 = $34. Next, for the $60 bat with a 25% discount, the discount amount is 60 * 0.25 = $15. Thus, the discounted price of the bat is 60 - 15 = $45.
Now, to find the total cost, we add the discounted prices of both the glove and bat together: $34 + $45 = $79.
The discounting process is used in financial analysis and valuation to determine whether an investment or project is worthwhile. By comparing the present value of the investment to its cost, we can determine whether the investment will generate a positive or negative net present value. The formula for calculating present value is:PV = FV / (1 + r)ⁿWhere PV is the present value, FV is the future value, r is the discount rate, and n is the number of periods.