Question

I do not know which formula is being used for this question, please answer step by step thanks!

The Hudson Record Store is having a going-out-of-business sale.CDs normally sell for $18.00.During the first week of the sale, all CDs will sell for $15.00.Written as a fraction, what is the rate of discount?What is the rate expressed as a percent?Round your answer to the nearest hundredth of a percent.During the second week of the sale, the same CDs will be on sale for 25% off the original price.What is the price of a CD during the second week of the sale?

Answer 1

Written as a fraction, what is the rate of discount?

Original Price = $18

Discounted Price = $15

Discount is $3 as 18-15 is 3.

As a fraction, the discount rate is $3/$18 also equal to $1/$6

What is the rate expressed as a percent? Round your answer to the nearest hundredth of a percent.

1/6 is approximately 0.167

0.167 = 16.67%

As a percent, the discount rate is 16.67%

During the second week of the sale, the same CDs will be on sale for 25% off the original price. What is the price of a CD during the second week of the sale?

Using the formula, Amount of Discount = Discount Rate · Original Price we can find the amount of discount for the 2nd week.

Let x be the amount of discount.

x = 25% · $18

x = $4.50

The amount of discount is $4.50

Calculate the cost of the CDs during the second week: $18 - $4.50 = $13.50

The price of a CD during the second week of the sale is $13.50