Question

The price of a coat was reduced from 90 to 72 at the end of the season. By what percent was the price of the coat reduced?

1) 8
2) 10
3) 18
4) 20
5) 25

Answer 1

The price of the coat was reduced by 20%.

To calculate the percentage reduction in price, we need to find the difference between the original price of $90 and the reduced price of $72.

The difference is $90 - $72 = $18.

To find the percentage reduction, we divide the difference by the original price and multiply by 100:

Percentage reduction = ($18 / $90) * 100 = 20%.

Therefore, the price of the coat was reduced by 20%. The correct answer choice is 4) 20.