Question

The price of a certain pancake is $200. One

week, the price decreases by 20%. The price is
then cut by another $60. The new price is what
percent of the original price?

Answer 1

B: 50%

Explanation:

Original price: $200/pancake [Ouch]

20% decrease: $200 - (0.20)*($200) or $200 - $40: $160 [Better]

After $60 cut in price: $160 - $60 = $100 [Still too expensive]

Percent of regular price: ($100/$200) = 0.50 or 50% [Is this currency US or Russian?]