ECONOMICS (CBSE/UGC NET)

ECONOMICS

INCENTIVES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
If Itzel bought 9 pairs of socks at $6 per pair and qualified for the $10 off promotion, what was the final price of the socks, before sales tax?
A
$60
B
$54
C
$50
D
$44
Explanation: 

Detailed explanation-1: -Step 1: Convert the percent discount to a decimal by dividing by 100% . Step 2: Set up the equation P=(1−d)x P = ( 1 − d ) x to find the original price of the item where P is the sale price, d is the discount as a decimal, and x is the original price of the item.

Detailed explanation-2: -An amount of discount is a percent off the original price. The sale price should always be less than the original price. In some cases, the amount of discount is a fixed dollar amount. Then we just find the sale price by subtracting the amount of discount from the original price.

Detailed explanation-3: -Divide the number by 100 (move the decimal place two places to the left). Multiply this new number by the percentage you want to take off. Subtract the number from step 2 from the original number. This is your percent off number. 09-Jan-2023

There is 1 question to complete.