Question

an item is regularly priced at $20. it is now priced at a discount of 30% off the regular price. what is the price now?

Explanation:

Step1: Find the discount amount

The discount is 30% of $20. To calculate this, we use the formula: Discount = Regular Price × Discount Rate. So, Discount = \( 20\times0.30 \) (since 30% = 0.30). \( 20\times0.30 = 6 \).

Step2: Subtract discount from regular price

The new price is the regular price minus the discount. So, New Price = Regular Price - Discount = \( 20 - 6 = 14 \). Alternatively, we can calculate it as Regular Price × (1 - Discount Rate) = \( 20\times(1 - 0.30)=20\times0.70 = 14 \).

Answer:

The new price is $14.