Question

The price of an item has been reduced by 40% original price was $40 what is the price of the item now

Answer 1

$24, 40 percent was 16, 40-16=24

Answer 2

$\bf \begin{array}{|c|ll} \cline{1-1} \textit{a\% of b}\\ \cline{1-1} \\ \left( \cfrac{a}{100} \right)\cdot b \\\\ \cline{1-1} \end{array}~\hspace{5em}\stackrel{\textit{40\% of 40}}{\left( \cfrac{40}{100} \right)40}\implies 16 \\\\[-0.35em] \rule{34em}{0.25pt}\\\\ ~\hfill\stackrel{\textit{new price}}{40-16}~\hfill$