Mike wants to buy a sleeping bag for a camping trip. He finds one that costs $52.75 with a 25% discount. How much will he pay for it?
If he gets a 25% discount, then he is basically buying the sleeping bag for 75% (75%=0.75) of the original price.
$52.75x0.75
=$39.5626
≈$39.56
(Since money only goes to the hundredths place it is rounded)
He will pay $39.56 for the sleeping bag.