12% Converted to a Decimal: 12% = 0.12
Price After Discount = Price Before Discount * (1 – Discount)
Price After Discount = 3 * (1 – 0.12)
Price After Discount = 3 * 0.88
Price After Discount = $2.64
Sale Price of a $3 item after a 12% Discount is applied = $2.64
Note: Reduction in Price After Discount = $0.36
Sale Price of a $3 item after a 12% Discount is applied
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