Question

Suppose you go shopping for a new futon bed for your apartment/home. The model you really like happens to be on sale for $1100. It's original price is $1200. What percent of the original price will you save if you purchase it? Write your answer to the nearest tenth of a percent, but in decimal form. For example, if you saved 34.67%, you would round to 34.7% and enter .347 as your answer.

Answer 1

I know 8.4% is the 100 off of 1200 so i suppose .84?

Answer 2

8.3% or 0.083

Explanation:

In the question we are given that:

The original price of bed = 1200$

The price of the bed after the discount = 1100$

Money saved = The original price of bed - The price of the bed after the discount = 1200$ - 1100$ = 100$

Percentage of original price =
`\frac{\text{Money saved}}{\text{Original price}}* 100` =
`(100)/(1200)* 100` = 8.3333..%

If we want to write the answer in the form of nearest tenths, then our percentage becomes 8.3%.

The decimal expansion can be written as 0.083.