Question

The original price of a scarf was $16. During a store-closing sale, a shopper saved $12 on the scarf. What percentage discount did she receive? Explain or show your reasoning.

Answer 1

Answer:

Shopper receive 75% discount .

Step-by-step explanation:

• Formula

Discount\ percentage = \frac{Discount\times 100}{Original\ Price}Discount percentage=

Original Price

Discount×100

As given

The original price of a scarf was $16.

During a store-closing sale, a shopper saved $12 on the scarf.

i.e Discount = $ 12

Putting all the values in the formula

Discount\ percentage

= \frac{12\times 100}{16}Discount percentage

= 16

12×100

Discount\ percentage = \frac{1200}{16}Discount percentage

= 16

1200

Discount percentage = 75 %

Therefore shopper receive 75% discount

Answer 2

75%

• In the realm of finance and investing, a security is said to be trading at a discount if its price is lower than its underlying or fundamental worth.
• A discount exists when a bond's price trades in the fixed-income market below its par value, or face value. The discount's size is determined by the discrepancy between the purchase price of a securities and its par value. For a number of reasons, such as rising interest rates, issues with the underlying company's credit, or riskiness when compared to comparable bonds, bonds may trade at a discount.
• It is important to distinguish between a discount and the discount rate, an interest rate used to determine the value of money over time.

Here, according to the given information,

The original price of a scarf was $16. During a store-closing sale, a shopper saved $12 on the scarf.

Now, when the price is $16, discount is $12.

When the price is $1, discount is $$\frac{12}{16}$.

When the price is $100, discount is $$\frac{1200}{16} =$ 75%

Hence, 75% has been saved by her.

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