We can now discuss sales price and discount.
A suit is regularly priced at $120, and it is marked 20% off the regular price. What is the new price for the suit?
Follow the previous examples and begin by taking 20% of $120.
20% of $120 = .20 x 120 = $24.00
We call $24 the discount.
We calculate the sales price by taking the regular price $120 and subtracting the discount $24…