Question

Emma has been keeping an eye on an emerald ring she likes. Its original price was $3,000. After being marked down for a clearance sale, it is now $2,220. By what percent has the price of the ring gone down?

Answer 1

26%

Explanation:

Original price of the emerald ring

= $3000

Price after the sale

= $2220

Decrease in amount

= $(3000 - 2220)

= $780

Percentage decrease

`\\ = (\: (decrease \: in \: amount)/(original \: amount) * 100)\%`

`\\ = ( (780)/(3000) * 100)\%`

`\\ = (26)\%`

`\\ = 26\%`

Hence, by 26% has the price of the ring gone down.