Question

James went to the store and bought a pair of shoes on sale for $40.00. This week they were regular price of $64.50. What was the percent discount that he bought the shoes for?

Answer 1

New price = 64.50

Old price = 40

Difference = 24.50

Percent discount is calculated as follows;

$\begin{gathered} \text{Discount}=\frac{\text{difference}}{New\text{ price}}\times100 \\ \text{Discount}=\frac{24.5}{64.5}\times100 \\ \text{Discount}=\frac{24.5\times100}{64.5} \\ \text{Discount}=\frac{2450}{64.5} \\ \text{Discount}=37.9844\ldots \\ \text{Discount}\approx37.98 \end{gathered}$

The shoes were bought for $40.00 as against the regular price (new price) of $64.50. This means there was a 37.98% reduction from the $64.50 price.

The percent discount is therefore 37.98%.