The discount on a new stereo was $120$120. This was a discount of 20%20%.Step 2 of 3 : What was the sale price? Follow the problem-solving process and round your answer to the nearest cent, if necessary.
Question
The discount on a new stereo was 120. This was a discount of 20%20%.Step 2 of 3 : What was the sale price? Follow the problem-solving process and round your answer to the nearest cent, if necessary.
Solution
To find the sale price, we first need to determine the original price. Since the discount was 20%, and we know that the discount amount was $120, we can set up the following equation:
0.20 * Original Price = $120
To solve for the Original Price, we divide both sides of the equation by 0.20:
Original Price = 600
The sale price is then the original price minus the discount:
Sale Price = Original Price - Discount Sale Price = 120 Sale Price = $480
So, the sale price of the stereo was $480.
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