To determine the sale price of an item that is regularly priced at $460 and is currently offered at one fourth off, we first need to calculate the discount.
The discount can be calculated as follows:
Discount = Regular Price × Discount Rate
Here, the discount rate is one fourth, which is equivalent to 0.25. Therefore:
Discount = $460 × 0.25 = $115
Next, we need to find the sale price by subtracting the discount from the regular price:
Sale Price = Regular Price – Discount
So, the sale price would be:
Sale Price = $460 – $115 = $345
In conclusion, the sale price of the item is $345.