The discounted amount can be determine by subtracting the discount from the base price. The discount can be calculated through the equation,
D = B x d
where D is discount, B is the base price, and d is the discount rate. Substituting the known values from the given,
D = ($8,750)(0.06)
D = $525
Using the concept presented above,
P = $8,750 - $525 = $8,225
ANSWER: $8,225
