#### Explanation:

all of the price is 100% so if you reduce the price by 5% what is left is 100%-5%=95%

Discounted price is 95% of $18800 The symbol of % is a unit of measurement that is worth $\frac{1}{100}$So 95% is $95 \times \frac{1}{100} = \frac{95}{100}$So 95%" of "$18800 is the same as:

95/100xx$18800 =$17860