Question

the price of a piano was reduce from $500 to $375. By what percentage was the price of the piano reduced ?

Answer 1

25%

Step-by-step explanation:

We can calculate the percentage using the following equation:

`(v_i-v_f)/(v_i)*100`

Where vi is the initial price and vf is the final price. So, replacing vi by 500 and vf by 375, we get:

`(500-375)/(500)*100=(125)/(500)*100=25\text{ \%}`

Therefore, the price of the piano was reduced by a 25%