Question

Gianina wanted to buy a new bike. She saw that it was regularly priced at $800 but it was on clearance for $500. What is the percent of decrease?

Answer 1

The percent of decrease from the original bike price ($800) to the clearance price ($500) is calculated by finding the decrease amount, dividing it by the original price, and multiplying by 100, resulting in a 37.5% decrease.

Step-by-step explanation:

The question involves calculating the percent of decrease in the price of a bike. Gianina wants to buy a bike that originally costs $800 but is on clearance for $500.

To calculate the percentage decrease, we subtract the clearance price from the original price to find the amount of the decrease, then divide the amount of the decrease by the original price. Finally, we multiply by 100 to get the percentage.

The calculation steps are as follows:

1. Amount of decrease: $800 - $500 = $300
2. Divide the amount of decrease by the original price: $300 / $800 = 0.375
3. Multiply by 100 to get the percent of decrease: 0.375 * 100 = 37.5%

Therefore, the percent of decrease from the original price to the clearance price is 37.5%.