Chapter 6.5, Problem 25IP

To determine

To find: Selling price.

Answer to Problem 25IP

Selling price $=$$\$45$

Explanation of Solution

Given information:

Cost price $=\$60$

Discount $=25\%$ on Cost price

We know

Selling price $=$ Cost price $-$ Discount

Given

Discount is $25\%$ of Cost price that is $25\%$

Therefore,

Discount $=\left(\frac{25}{100}\right)\times 60$

  $\Rightarrow$ Discount $=\left(0.25\right)\times 60$

  $\Rightarrow$ Discount $=15$

Therefore,

Selling price $=$$\$60-\$15$

  $\Rightarrow$ Selling price $=$$\$45$