Answer:
The closest amount paid is $23
Step-by-step explanation:
Given
[tex]Price = \$32[/tex]
[tex]Mark\ down = 20\%[/tex]
Amount = 10% of Marked down price
Required
Determine the amount paid
First, we calculate the marked down price P2:
[tex]P_2 = Price(1 - Mark\ down)[/tex]
Substitute values for Price and Mark down
[tex]P_2 = \$32 * (1 - 20\%)[/tex]
Express percentage as decimal
[tex]P_2 = \$32 * (1 - 0.20)[/tex]
[tex]P_2 = \$32 * (0.80)[/tex]
Remove bracket
[tex]P_2 = \$32 * 0.80[/tex]
[tex]P_2 = \$25.6[/tex]
The payable amount is 10% off the marked down price,
This is calculated as:
[tex]Amount = P_2 - P_2 * 10\%[/tex]
Substitute $25.6 for P2
[tex]Amount = \$25.6 - \$25.6* 10\%[/tex]
Express percentage as decimal
[tex]Amount = \$25.6 - \$25.6* 0.10[/tex]
[tex]Amount = \$25.6 - \$2.56[/tex]
[tex]Amount = \$23.04[/tex]
The closest amount paid is $23