Multiple Choice
Which of the following is generally true of unsecured loans?
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1. Introduction to Accounting
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If an item is listed at \$575.50 and you receive a 30\% discount, how much money will you save?
A
\$575.50
B
\$172.65
C
\$143.88
D
\$402.85
Verified step by step guidance1
Identify the original price of the item, which is $575.50.
Determine the discount percentage, which is 30%. Convert this percentage into a decimal by dividing by 100. This gives 0.30.
Calculate the discount amount by multiplying the original price by the decimal form of the discount percentage: .
Subtract the discount amount from the original price to find the final price after the discount: .
The money saved is equal to the discount amount calculated in step 3.
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