Dao receives an employee discount on the purchase of a new automobile. The automobile that he is interested in has a sticker price of $18,560. If his discount is 18 percent, what is the price that Dao will pay?
P = Po-0.18Po = 18,500-0.18*18,500 = $15,170.
To find the price that Dao will pay after applying the employee discount, you need to calculate 18 percent of the sticker price and subtract it from the sticker price.
Step 1: Calculate the discount amount
To find 18 percent of $18,560, multiply the sticker price by 18 percent (or 0.18).
Discount amount = $18,560 * 0.18 = $3,340.80
Step 2: Calculate the price that Dao will pay
To get the price that Dao will pay, subtract the discount amount from the sticker price.
Price Dao will pay = Sticker price - Discount amount
Price Dao will pay = $18,560 - $3,340.80
Price Dao will pay = $15,219.20
Therefore, Dao will pay $15,219.20 after applying the 18 percent employee discount.