急~~帮忙,英文数学题!An item marked at $M is sold at a discount of 2%. If the selling price of the item is $(M-0.12),find the value of M.

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急~~帮忙,英文数学题!
An item marked at $M is sold at a discount of 2%. If the selling price of the item is $(M-0.12),find the value of M.

m*(1-2%)=m-0.12
0.98m=m-0.12
m=6