Find the value of each markup or discount.
Original: $20.00
percent of discount: 40%
20 * 0.6 = ?
my teacher keeps saying there is some formula or equation to solve this? Do you know.
It would be 20*.6
The closest thing to a formula for problems like these would be
if it is a discount you multiply the original price by (1-discount). Like for this it was 20*(1-.4)
If it is a markup then it is the original price multiplied by (1+markup). For example, if this was a markup instead of a discount it would have been 20*(1.4)
To find the value of the discount, you need to multiply the original price by the percentage of the discount.
First, convert the percentage to a decimal by dividing it by 100: 40% = 40/100 = 0.40
Next, multiply the original price by the decimal representation of the discount: $20.00 * 0.40 = $8.00
Therefore, the value of the discount is $8.00.