
Marthe T. answered 05/10/17
Tutor
New to Wyzant
10+ years tutor and perfect GPA in Mathematics.
How much, in dollars, was the price cut by?
What percent of the original price does that account for? Or in simpler terms, what fraction of the original price was taken off...multiplied that by a hundred. Percent is the value of some quantity by the hundred.
example: If a new iPad mini costs $200 but Mother's Day has them on sale at 25% off, what would you be paying?
Technically 75% of $200, but we want to know what was saved in dollars, at 25% off.
So, we'll divide our 25% by the hundred to get rid of the percentage and get a quantity, then multiply that by the original cost.
25/100 x 200 = .25 x 200 = $50 savings.
You would pay $200 - $50 = $150 for the iPad with the 25% savings.