Question

Last year's computer models were priced at $1,850. They are now discounted 20%. What is the new retail price to the nearest dollar of that computer? $370 $1,480 $1,510 $1,830

Answer 1

$1480

Explanation:

Step one:

Given that the price last year was $1850

and now the discount is 20%

we first need to solve for 20% of $1850

=20/100*$1850

=0.2*$1850

=$370

This means that the price was reduced by $370

so the new retail price is calculated as

=$1850-$370

=$1480

The correction option is the second in the list of options