Answer :
First step:
difference: $70 - $63 = $7
Second step:
[tex]\frac{\$7}{\$70}=\frac{1}{10}=0.1[/tex]
Third step:
[tex]0.1\times100\%=10\%[/tex]
Answer: Discounted is equal 10%.
difference: $70 - $63 = $7
Second step:
[tex]\frac{\$7}{\$70}=\frac{1}{10}=0.1[/tex]
Third step:
[tex]0.1\times100\%=10\%[/tex]
Answer: Discounted is equal 10%.