Question

The cost price of a refrigerator is $1850.00. A buyer who is given a discount of 5% for a cash purchase will pay

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Answer 1

`\huge\boxed{\$1757.50}`

Explanation:

In order to find a 5% discount off $1850, we have to realize 100% of something is the whole thing.

This means that a 5% discount makes the new cost
`100-5=95`% of the original.

To find 95% of a number, we can convert 95% into a decimal and multiply it by 1850.

When converting a percent to a decimal, we always divide the percent by 100.

`95 / 100 = 0.95`

We can now multiply 1850 by 0.95.

`1850 \cdot 0.95 = 1757.50`

So the buyer only pats $1757.50.

Hope this helped!