7% Converted to a Decimal: 7% = 0.07
Price After Discount = Price Before Discount * (1 – Discount)
Price After Discount = 740 * (1 – 0.07)
Price After Discount = 740 * 0.93
Price After Discount = $688.20
Sale Price of a $740 item after a 7% Discount is applied = $688.20
Note: Reduction in Price After Discount = $51.80
Sale Price of a $740 item after a 7% Discount is applied
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