Question

Kate has been keeping an eye on an emerald ring she likes. Its original price was 1,474.96. After being marked down for a clearance sale, it is now368.74. By what percent has the price of the ring gone down?

Answer 1

The price of the emerald ring decreased by approximately 74.98% after it was marked down for a clearance sale.

Step-by-step explanation:

The question asks by what percent the price of the emerald ring has gone down after being marked down for a clearance sale. To calculate the percentage decrease, we subtract the sale price from the original price, then divide that number by the original price and multiply by 100 to convert it to a percentage.

Original Price: $1,474.96
Sale Price: $368.74
Price Decrease: $1,474.96 - $368.74 = $1,106.22
Percent Decrease: ($1,106.22 / $1,474.96) × 100 = 74.98%

Therefore, the price of the ring went down by approximately 74.98%.