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A furniture store reduces the retail price of a sofa from \(\$800\) to \(\$600.\) By what percent is the price of the

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A furniture store reduces the retail price of a sofa from \(\$800\) to \(\$600.\) By what percent is the price of the

by BTGmoderatorLU » Sat Feb 10, 2024 7:59 am

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A furniture store reduces the retail price of a sofa from \(\$800\) to \(\$600.\) By what percent is the price of the sofa reduced?

A. \(25\%\)
B. \(30\%\)
C. \(35\%\)
D. \(60\%\)
E. \(75\%\)

The OA is A
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Re: A furniture store reduces the retail price of a sofa from \(\$800\) to \(\$600.\) By what percent is the price of th

by mapadvantageprep » Fri Feb 16, 2024 9:15 am
Percent change = \(\frac{final-initial}{initial}\cdot100\%\)

Percent change = (600 - 800)/800 * 100%
Percent change = -200/800 * 100%
Percent change = -25%
The negative percent change means this is a percent reduction in the price.
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