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Chapter 8: Problem 50

A dictionary that normally sells for \(\$ 16.50\) is on sale at \(40 \%\) off. a. What is the discount amount? b. What is the dictionary's sale price?

Short Answer

Expert verified
a) The discount amount is \$ 6.60. b) The dictionary's sale price is \$ 9.90.

Step by step solution

01

Calculate the Discount Amount

Primarily, to find the discount amount, we need to multiply the rate of discount by the original price of the dictionary. This can be done using the formula: \[ \text{Discount amount} = \text{Original Price} \times \text{Discount Rate} \] So, \[ \text{Discount amount} = \$ 16.50 \times 40 \% = \$ 6.60. \] Therefore, the discount amount is \$ 6.60.
02

Calculate the Sale Price

Now that we've figured out the discount amount, let's calculate the sale price. This can be done by subtracting the discount amount from the original price: \[ \text{Sale Price} = \text{Original Price} - \text{Discount amount} \] Hence, \[ \text{Sale Price} = \$ 16.50 - \$ 6.60 = \$ 9.90. \]The dictionary's sale price is \$ 9.90.

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Most popular questions from this chapter

\(P=\$ 5000, r=8.5 \%, t=9\) months

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