During a Memorial Day Sale, you are able to purchase a DJI Phantom 3 Drone for $369.99. It usually sells for $499. What percent discount did you receive?

Question

Please I need you to show your work so I can learn how to do this. I am in MA111. This is Financial Math. I need your help please and thank you

Answer 1

If you divide the price you paid (369.99) by the original price (499) and express it as a percentage, the answer is that you paid .7415, or 74.15%, of what it used to cost, which is a 25.85% discount (1 - .7415). A way to check that is to ask yourself how much did I save? The answer is $129.01 ($499.00 - $369.99). If you divide that savings by the original cost (129.01 / 499.00) the answer will be the same, your discount of 25.85%.