Color pencils are six dollars and the discount rate is 5% find the price of each product after a discount is applied
0.95 * 6 = ?
To find the price of each color pencil after the discount is applied, we can follow these steps:
Step 1: Calculate the discount amount.
The discount rate is given as 5%. To calculate the discount amount, we need to multiply the price of each color pencil by the discount rate:
Discount amount = Price of each color pencil * Discount rate
= $6 * 0.05
= $0.30
Step 2: Subtract the discount amount from the original price of each color pencil.
To get the price of each color pencil after the discount, we need to subtract the discount amount from the original price:
Price after discount = Price of each color pencil - Discount amount
= $6 - $0.30
= $5.70
Therefore, the price of each color pencil after applying a 5% discount would be $5.70.