Answer to Question #234407 in Statistics and Probability for Zach

Question

Timmy wants to buy a scooter and the price was P 3, 500. When he goes to the store a second time, he found that price was marked down by 20%. What is the new price?

Answer 1

Initial price is $3,500$ which is $100\%$

$20\%$ is reduced to make it $80\%$

$3,500=100\%$

$80\%=\frac{80×3,500}{100}$

$=2,800$

The new price is P $2,800$ .