Question

Last week, the price of oranges at the farmer's market was $1.75 per pound. This week, the price has decreased by 20%. What is the price of oranges this week?

Type the solution in the box.

The price of oranges this week is $

Answer 1

$1.40 per pound

Explanation:

You want to know the value that is 20% less that $1.75 per pound.

Discount

The new price can be figured a couple of ways.

You can figure the amount of change, then subtract that.

$1.75 - 20%×1.75 = $1.75 -0.35 = $1.40

Or, you can figure the percentage that the reduced price is of the original.

$1.75 -20%×1.75 = $1.75(1 -0.20) = $1.75(0.80) = $1.40

The price of oranges this week is $1.40 per pound.