The percent reduction in the price was approximately 32%.
What are percentages?
Percentages are similar to fractions, but the whole part of the fraction is always set as constant, which is always 100.
To convert a fraction to a percentage, we multiply it by 100.
To convert a percentage to a fraction, we divide it by 100.
How to solve the question?
In the question, we are given that a 20-inch flat panel computer monitor is on sale for 249.99., and it was reduced by $80.00 from the original price.
We are asked to find the percent reduction in price.
The price reduction = $80.00.
The original price = $249.99.
Therefore, the fraction of reduction in the price can be shown as the ratio of the reduction in the price to the original price, that is, the
Fraction = $80.00/$249.99 = 0.320013.
To convert a fraction to a percentage, we multiply it by 100.
Therefore, the percentage of reduction = 0.320013 * 100% = 32.0013% ≈ 32%.
Therefore, the percent reduction in the price was approximately 32%.
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