Question

A company that owed $2000 paid early and got a $40 discount. What fraction of the amount owed was the discount?

Answer 1

1 /50

Step-by-step explanation:

To find the fraction, we divide $40 by $2000. This gives

`(\$40)/(\$2000)`

Dividing both the numerator and the denominator by 40 gives

`(\$40/40)/(\$2000/40)`
`=(1)/(50)`

which is our answer!