Question

At a hardware store a tool set normally cost $80. During a sail this week the tool set cost $12 less than usual. What percentage of the usual price is the savings

Answer 1

Answer: 12 would represent 15%

Explanation:

$80 = 100 $1 = 100/ 80 = 1.25%

Saving $12 = 1.25 x 12 = 15%

Answer 2

As per the statement:

At a hardware store a tool set normally cost $80.

Cost of a tool set usual= $ 80.

During the sail this week the tool set cost $12 less than usual.

Cost after sail = $ 80 - $12 = $68

We have to find the percentage of the usual price is the savings.

Saving price on a tool set = $12

`\text{Percentage} = \frac{\text{Saving}}{\text{Usual price}} * 100`

Substitute the given values we get;

`\text{percentage} = (12)/(80) * 100`

Simplify:

Percentage of the usual price is the saving = 15%

Therefore, the percentage of the usual price is the saving is, 15%