Question

Suppose you go shopping for a new futon bed for your apartment/home. The model you really like happens to be on sale for $1100. It's original price is $1200. What percent of the original price will you save if you purchase it? Write your answer to the nearest tenth of a percent, but in decimal form.

Answer 1

If a model of a bed is on sale for $1100 out of $1200, you determine the percentage off with 1100/1200, which simplifies to 11/12. 11/12 is 91.7%. We then subtract that from 100%, so we get 100-91.7, leading us to a percentage saved of 8.3%.