Convert to cents: Convert dollars to cents to have a uniform unit for subtraction.$7.62 is equivalent to 762 cents because there are 100 cents in a dollar. So, we multiply 7.62 by 100 to convert it to cents.Calculation: 7.62×100=762 cents
Subtract cents: Subtract 23 cents from 762 cents.Now we perform the subtraction: 762 cents −23 cents.Calculation: 762−23=739 cents
Convert back to dollars: Convert the result back to dollars if necessary.Since the original amount was given in dollars, we convert the result back to dollars. There are 100 cents in a dollar, so we divide by 100.Calculation: 739÷100=$(7.39)