Question

The price of an item has been reduced by 85%. The original price was $31.find the new price

Answer 1

The new price is $4.65

Explanation:

The percent reduction = 85% = 0.85

The original price = $31

Discount = original price × percent reduction

$\begin{gathered} \text{The discount = 31 }\times\text{ 0.85} \\ \text{The discount = 26.35} \end{gathered}$

The new price = original price - discount

$\begin{gathered} \text{The new price = 31 - 26.35} \\ The\text{ new price = }4.65 \end{gathered}$