Answer:
[tex]Sales\ Price = \$9.60[/tex]
Step-by-step explanation:
Given
[tex]Price = \$24.00[/tex]
[tex]Discount = 60\%[/tex]
Required
Determine the sales price
First, we calculate the discount price
[tex]Discount\ Price = Price * Discount[/tex]
[tex]Discount\ Price = \$24.00 * 60\%[/tex]
[tex]Discount\ Price = \$14.4[/tex]
The sales price is then calculated by subtracting the discount price from the original price of the item
[tex]Sales\ Price = Price - Discount\ Price[/tex]
[tex]Sales\ Price = \$24.00 - \$14.40[/tex]
[tex]Sales\ Price = \$9.60[/tex]