Answer: Amount of Discount = $1.1
Price after discount = $9.8551
Step-by-step explanation:
Given: Marking price of an item= $10.95
Discount percent on item =10%
We know that formula to calculate discount percent is given by :-
[tex]\text{Discount percent}=\frac{\text{Discount}}{\text{Marking price}}\times100\\\\\Rightarrow10=\frac{\text{Discount}}{10.95}\times100\\\\\Rightarrow\ \text{Discount}=\frac{10\times10.95}{100}=1.095\approx1.1 ................\text{[To the nearest cents]}[/tex]
Hence, the discount on item = $1.1
Now, the discounted price =Marking price- Discount
[tex]=\$10.95-\$1.1=\$9.85[/tex]
Hence, the discounted price = $9.85
