Question

What is the net price if a purchase would have come to 1500 at the regular price but the 3% discount applied to this purchase

Answer 1

The net price of the product is $1445.

Solution:

Given, regular price of a product is $1500 and it has a discount at the rate of 3%

We have to find the final price of the product.

We know that, final product of price = regular price – discount price

Final price of product = 1500 – 3% of 1500

Final price of product
`= 1500-(3)/(100) * 1500`

= 1500 – 3
`*` 15 = 1500 – 45

Final price = 1455

Hence, the net price of the product is $1445.