Problem

Knowledge Check
The price of an item has been reduced by 95%. The original price was $69. Use the ALEKS calculator to find the price of the item now.
$

Answer

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Answer

Final Answer: The price of the item now is approximately 3.45.

Steps

Step 1 :The original price of the item was $69.

Step 2 :The price of the item has been reduced by 95%.

Step 3 :To find the new price, we subtract the reduction percentage from 1 and multiply the result by the original price. In mathematical terms, this can be represented as: new_price=original_price×(1reduction_percentage).

Step 4 :Substituting the given values into the equation, we get: new_price=69×(10.95).

Step 5 :Solving the equation, we find that the new price is approximately $3.45.

Step 6 :Final Answer: The price of the item now is approximately 3.45.

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