A used automobile dealership recently reduced the price of a used compact car by 6%. If the price of the car before discount was 18,400, find the discount and the new price
6% of $18,400 = .06 x $18,400 or $1104 - that's the discount
$18,400
- 1,104
$17,296 - this is the new price after the discount
Answer: Discount Price = $1104
New Price = $17296
Step-by-step explanation:
Given : A used automobile dealership recently reduced the price of a used compact car by 6%, which can be written as 0.06.
The price of the car before discount was 18,400.
Formula for Discount = Discount percentage× Original price
Then , Discount =\(0.06\times18400=\$1104\)
New Price after Discount = Original Price - Discount price
\(=\$18,400-\$1104=\$17296\)
Hence, Discount Price = $1104
New Price = $17296