Respuesta :
Answer: Sales price of the item would be approximately $2.
Step-by-step explanation:
Since we have given that
List price of the item = $2.89
Rate of decline = 31%
So, Amount reduced by
[tex]\frac{31}{100}\times 2.89\\\\=0.31\times 2.89\\\\=\$0.8959[/tex]
So, Sales price of the item will be
[tex]2.89-0.8959\\\\=\$1.9941\\\\=\$2[/tex]
Hence, Sales price of the item would be approximately $2.