The discount price of the sweater will be, the original price minus the percentage of discount of the original price.
First, express the percentage of discount as a decimal:
60% = 60/100 = 0.6
so:
[tex]\begin{gathered} 500-0.6\cdot500 \\ 500-300=200 \end{gathered}[/tex]The discount price of the sweater is $200