Discounts are used to reduce the price of an item
The price after a 7% discount is £1116
How to determine the price after discount
The given parameters are:
Cost = £1200
Discount = 7%
So, the price after the discount is:
Price = Cost * (1- Discount)
This gives
Price = £1200 * (1- 7%)
Evaluate the product
Price = £1116
Hence, the price after a 7% discount is £1116
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