Analyze the incentive as shown here to find the final cost of a learning table set with a regular price of $229. “20% off Entire Store”
what does incentive mean
An incentive is something that motivates or encourages someone to act or perform a certain action. It is a reward or benefit offered to individuals to encourage them to take a specific course of action or to achieve a particular goal. Incentives can be in the form of monetary rewards, discounts, promotions, prizes, or other types of benefits. They are used to motivate individuals to behave in a desired way or to create interest and stimulate action.
To find the final cost of the learning table set with a regular price of $229 with the incentive "20% off Entire Store," you can follow these steps:
Step 1: Calculate the discount amount.
To calculate the discount amount, you need to multiply the regular price by the discount percentage. In this case, the discount percentage is 20%, which can be written as a decimal as 0.20.
Discount amount = Regular price * Discount percentage
Discount amount = $229 * 0.20
Discount amount = $45.80
Step 2: Subtract the discount amount from the regular price to find the final cost.
To find the final cost, you need to subtract the discount amount from the regular price.
Final cost = Regular price - Discount amount
Final cost = $229 - $45.80
Final cost = $183.20
Therefore, with the "20% off Entire Store" incentive, the final cost of the learning table set would be $183.20.
To find the final cost of the learning table set, we can multiply the regular price by the discount rate:
Discount = 20% = 0.20
Final cost = Regular price - (Regular price * Discount)
Final cost = $229 - ($229 * 0.20)
Final cost = $229 - $45.80
Final cost = $183.20
Therefore, with a "20% off Entire Store" incentive, the final cost of the learning table set would be $183.20.