The new price of a tie after a discount is calculated by multiplying the original price by $$75%.What has the discount done to the price?
Question
The new price of a tie after a discount is calculated by multiplying the original price by 75%$. What has the discount done to the price?
Solution
Sure, let's break down the problem step by step.
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Identify the original price of the tie: Let's denote the original price of the tie as .
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Understand the discount: The discount is such that the new price is 75% of the original price. This means the tie is being sold at 75% of its original price after the discount is applied.
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Calculate the new price: The new price of the tie can be calculated by multiplying the original price by 75%. Mathematically, this is represented as:
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Interpret the effect of the discount: The discount has reduced the price of the tie to 75% of its original price. This means the tie is now 25% cheaper than its original price.
To summarize, the discount has reduced the price of the tie by 25%, making the new price 75% of the original price.
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