Answer to Question #242858 in Algebra for Lance

Question

Supposed that you and your friends are in Landmark. Your mother gave you 

P1,000 to buy something for your birthday. You really want to buy bag for 

yourself as a gift, but they are all very expensive. You are now looking for items 

on sale. Then you found one store that has a large sign that reads: all items 

are currently 75% off. This sounds like great news. The original price of the 

bag is ₽1, 500. Does your money enough to buy that bag? What is the fraction 

of the amount of the bag?

Answer 1

$$\dfrac{75\%}{100\%}=\dfrac{3}{4}$$

$$1-\dfrac{3}{4}=\dfrac{1}{4}$$

Then

$$\dfrac{1}{4}(1500)=375<1000$$

My money enoughs to buy that bag.

New price is $\dfrac{1}{4}$ of original price.