Given the problem:
A 625 item is down by 92%. What is the cost of the item?
So first step, you have to find what is 92% of 625. To do that, you will have to multiply 625 by 92%, or 0.92. Because to convert percentage to decimal, simply divide by 100 or move the percent sign two places to the left and change it to a decimal point. And Vice versa for the decimal to percentage.
(625)(0.92)=575
92% of 625 is 575
Now think of it this way, you’re buying a jacket that’s $625. You’re getting a 92% discount. How much money did you save? $575. How much money do you have to pay after the discount? All you have to do is take the original price and subtract it by the total amount saved. So $625-$575=$50. You only have to pay $50 after discount.
The answer is 50.
Hope this helped!