The retail price on an article is $65.75. If you offer to sell it for $62.50, what percentage discount are you offering?

Question

04-09-2023
Business

High School

Thank you for visiting The retail price on an article is 65 75 If you offer to sell it for 62 50 what percentage discount are you offering. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!

The retail price on an article is $65.75. If you offer to sell it for $62.50, what percentage discount are you offering?

Answer :

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Mimansha809 Mimansha809 · Answer 1 · 2025-05-23T12:25:25-04:00

Final answer:

The discount on the item is approximately 4.95%. This was determined by subtracting the selling price from the retail price, then taking this result and dividing it by the retail price before finally multiplying by 100.

Explanation:

The subject of the question is related to the calculation of the discount percentage on a retail item. To determine the percentage discount of an item, we need to subtract the selling price from the retail price and then divide this difference by the retail price and multiply by 100.

Let's apply this to your specific question: The retail price of the item is $65.75 and you are selling it for $62.50. So, the price cut is $65.75 - $62.50 = $3.25. To get the discount percentage, you then take this price cut and divide by the original price ($3.25 divided by $65.75) and multiply by 100. This gives you approximately a 4.95% discount.

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