Question

Express the difference in the amount of $1227.23 and $286.13 in the form of percentage? what is the formula to figure out the answer to this problem?it is the retail price of something and then the sale price of something I need to know how much percentage it is off

Answer 1

76.68%

Step-by-step explanation:

To know how much percentage it is off, we will use the following equation:

`\frac{\text{ Initial value - Final Value}}{\text{ Initial Value}}*100`

So, if the prices are $1227.23 and $283.13, we can replace the values as

`\frac{\text{ \$1227.23 - \$286.13 }}{\text{ \$1227.23}}*100=(941.1)/(1227.23)*100=76.68\text{ \%}`

Therefore, the percentage of discount is 76.68%