Answer:
$1480
Step-by-step explanation:
Step one:
Given that the price last year was $1850
and now the discount is 20%
we first need to solve for 20% of $1850
=20/100*$1850
=0.2*$1850
=$370
This means that the price was reduced by $370
so the new retail price is calculated as
=$1850-$370
=$1480
The correction option is the second in the list of options
