Question

The usual price of a TV set was $500. During the Christmas holiday, the price of a TV set marked down to $413. What was the percentage decrease in the price of a TV set?

Answer 1

»Given:

• Cost price = $500
• Selling price = $413

»To find:

Percentage decrease in the price.

»Solution:

As the Cost price is $500 and selling price is $413, the decrease is $87 (500 - 413)

Now, let's find the decrease percentage!!

$\implies{\frac{87}{500} \times 100}$

$\implies{\bold{\red{17.4\%}}}$

Hence, the decrease is 17.4%

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