The price of an item has been reduced by 55%. The original price was $75. What is the price of the item now?

55% = 55/100

We need to multiply the original prize and the reduced value.

75*55/100 = 41,25$

The prize has been reduced by 55% so we need to substract this value from the original prize to get the prize after reduction.

75$ - 41,25$ = 33,75$