Question

In a sale, the cost of a coat is reduced from $85 to $67.50. Calculate the percentage reduction in the cost of the coat.

a) 20%
b) 25%
c) 30%
d) 15%

Answer 1

The percentage reduction in the cost of the coat is 20%.

Step-by-step explanation:

To calculate the percentage reduction in the cost of the coat, you can use the formula:

Percentage reduction = [(Original cost - Reduced cost)/Original cost] x 100%

In this case, the original cost is $85 and the reduced cost is $67.50. Plugging these values into the formula:

Percentage reduction = [(85 - 67.50)/85] x 100% = 20%

Therefore, the percentage reduction in the cost of the coat is 20%.