Answer :
Answer:
New Cost of item is [tex]\$6156[/tex]
Step-by-step explanation:
Given:
Original Cost of item = [tex]\$6480[/tex]
Item was marked down by [tex]5\%[/tex]
To Calculate Cost after [tex]5\%[/tex] marked down we need to multiply original cost by 5 and then divide by hundred.
Cost after [tex]5\%[/tex] marked down = [tex]\frac{5 \times \$6480}{100} = \$ 324[/tex]
Now New cost of the item is calculated by Subtracting Cost after [tex]5\%[/tex] marked down by Original Cost of item
New cost of the item = [tex]\$6480-\$ 324 = \$ 6156[/tex]