Answer to Question #205052 in Financial Math for lima

Question

A shop keeper offers a discount of 12.5% on a digital camera should the customer pay cash. The camera normally retails for $1245. What is the discounted price if a customer is prepared to pay cash for the camera?

Answer 1

Solution:

SP = $1245, discount%=12.5% = 0.125

Discount amount= 0.125 x 1245 = $155.625

Then, discounted price = 1245 - 155.625 = $ 1089.375