Mia has a loyalty card good for a 16% discount at her local grocery store. What would
1 answer:
The total price in dollars and cents is twenty dollars and sixty cents.
<h3>What are discount rates?</h3>Discount rates are the reduction of actual price knowns as a benefit that a customer or a consumer enjoys in the total amount of goods or products being purchased. They are calculated by multiplying the total amount of goods bought with the discount percentage rate given.
From the given information:
- Mia's loyalty card has a discount rate of = 16%
- The total cost of items she wants to buy = $24.50
Thus, before tax deduction, the total of items bought while taking the discount rate into consideration is:
= 16% × $24.50
= $3.92
The total price after removing the discount price now will be:
= $24.50 - $3.92
= $20.58
≅ $20.60 (to the nearest cent)
Learn more about the discount rate here:
You might be interested in