Answer:
$525.55
Step-by-step explanation:
Let x be the discounted rate.
Given.
Price of the diamond ring is $571.25.
And discount is 8%.
8% price of the diamond ring is.
8% of the price of the diamond ring = [tex]571.25\times \frac{8}{100}[/tex]
8% of the price of the diamond ring = [tex]571.25\times 0.08}[/tex]
8% of the price of the diamond ring = [tex]45.7[/tex]
Discounted rate = Price of the diamond - 8% of the price of the diamond ring
Discounted rate = [tex]571.25-45.7[/tex]
Discounted rate = [tex]525.55[/tex]
The discounted rate of the diamond ring is $525.55
