Question

A bike is selling for $240. The original price was $300. What percent of the original is the bike selling for?

Answer 1

It is selling for 80 percent

Answer 2

Answer: 80%

Explanation:

Let's use the rule of 3 here.

We know that the original price or 100% of the price was $300

($300 - 100%)

We want to know what percent of the original price (let that be our x) is the bike selling for now that costs $240.

($240 - x)

Let's do our chart.

`(300)/(240)=(100)/(x)`

Solve for x.

`x=(240*100)/(300)\\ x=80`

The bike is selling for 80% of the original price.