Question

The price of a new console was originally priced at $500 but went on sale for black friday and now cost $400. What is the percent change that the price was reduced by

Answer 1

The price was reduced by 20%

Explanation:

Original cost = $500

Discounted cost = $400

Total Discount = $100

Therefore percentage of discount = Total discount / Original cost

= 100/500 *100 = 20%