Question

The price of a pair of shoes was reduced from 24 dollars to 20 dollar by what percentage was the price reduced

Answer 1

To find the percentage by which the price was reduced, you can use the following formula:

\[
\text{Percentage Reduction} = \left( \frac{\text{Original Price} - \text{New Price}}{\text{Original Price}} \right) \times 100
\]

In this case, the original price is 24 dollars and the new price is 20 dollars.

1. Calculate the difference in price:
\[
24 - 20 = 4 \text{ dollars}
\]

2. Now, plug the values into the formula:
\[
\text{Percentage Reduction} = \left( \frac{4}{24} \right) \times 100
\]

3. Simplify the fraction:
\[
\frac{4}{24} = \frac{1}{6}
\]

4. Now calculate:
\[
\text{Percentage Reduction} = \frac{1}{6} \times 100 \approx 16.67
\]

Therefore, the price was reduced by approximately **16.67%**.