A used automobile dealership recently reduced the price of a used compact car by 6%. If the price of

A used automobile dealership recently reduced the price of a used compact car by 6%. If the price of the car before discount was 18,400, find the discount and the new price.

First, find the discount amount:
Discount Amount = 6% * 18,400 = 1,104

Calculate discounted price:
Discounted Price = Full Price - Discount Amount
Discounted Price = 18,400 - 1,104
Discounted Price = 18,400 - 1,104 = 17,296