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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 120120⁢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.

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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 = 120/0.20OriginalPrice=120 / 0.20 Original Price = 600

The sale price is then the original price minus the discount:

Sale Price = Original Price - Discount Sale Price = 600600 - 120 Sale Price = $480

So, the sale price of the stereo was $480.

This problem has been solved

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