Sale Price of a $55 item after a 15% Discount is applied

15% Converted to a Decimal: 15% = 0.15
Price After Discount = Price Before Discount * (1 – Discount)
Price After Discount = 55 * (1 – 0.15)
Price After Discount = 55 * 0.85
Price After Discount = $46.75
Sale Price of a $55 item after a 15% Discount is applied = $46.75
Note: Reduction in Price After Discount = $8.25