Question

the price of a piano was reduce from $500 to $375. By what percentage was the price of the piano reduced ?

Answer 1

Answer:

25%

Explanation:

We can calculate the percentage using the following equation:

$\frac{v_i-v_f}{v_i}\times100$

Where vi is the initial price and vf is the final price. So, replacing vi by 500 and vf by 375, we get:

$\frac{500-375}{500}\times100=\frac{125}{500}\times100=25\text{ \%}$

Therefore, the price of the piano was reduced by a 25%