Question 1047273
given:
a store is offering a {{{3}}}% ={{{0.03}}} discount on all items

let the sale price be {{{S}}} and list price {{{L}}} 

Discount means that we reduce the original price.  To get the discount price, multiply the percent discount by the original price.  Then subtract the result from the original price.  This new price is the sales price.  We will have the equation.
 
 
{{{S = L - 0.03L}}}
 
{{{S = (1 - 0.03)L}}}
 
{{{S = 0.97L}}}