Sam's Discount Store offers a 2% discount for paying cash. How much would Joan pay if she pays cash for a set of skillets priced at $38.95?

Answer 1

To find out how much Joan would pay after the 2% discount for paying cash, we first need to calculate the amount of the discount.

1. Calculate the discount amount: \[ \text{Discount} = \text{Price} \times \text{Discount Rate} = 38.95 \times 0.02 \] \[ \text{Discount} = 38.95 \times 0.02 = 0.779 \]

2. Next, we round the discount amount to two decimal places: \[ \text{Discount} \approx 0.78 \]

3. Subtract the discount from the original price to find the final price: \[ \text{Final Price} = \text{Price} - \text{Discount} = 38.95 - 0.78 \] \[ \text{Final Price} = 38.17 \]

Therefore, if Joan pays cash, she would pay $38.17.