Question

A toy store is having a summer sale. Last week at the store, an action figure cost $16. This week, the action figure cost $12. By what

percentage was the cost of the action figure reduced?

Answer 1

The action figure's cost was reduced from $16 to $12, which is a $4 difference. By dividing the difference by the original price and multiplying by 100, we find the reduction percentage is 25%.

Step-by-step explanation:

To calculate the percentage reduction of the action figure's cost, we determine the difference between the original price and the sale price, and then we calculate what percentage that difference is of the original price. The original price of the action figure was $16, and the sale price is $12. The difference between these prices is $4.

To find the percentage decrease, the calculation is: (Difference in Price / Original Price) x 100. So, the percentage decrease is: ($4 / $16) x 100 = 0.25 x 100 = 25%.

Therefore, the cost of the action figure was reduced by 25% during the summer sale.