Question

The prices of fish change every day at the market. A bag of mussels costs $72 today. Tomorrow the price is expected to reduce by
8
%
8%.

What is tomorrow's expected cost of a bag of mussels?

Answer 1

To calculate the expected cost of a bag of mussels tomorrow after a reduction of 8%, follow these steps:

1. **Calculate the amount of reduction**:
\[
\text{Reduction} = \text{Current Price} \times \text{Percentage Reduction}
\]
\[
\text{Reduction} = 72 \times 0.08 = 5.76
\]

2. **Subtract the reduction from today's price**:
\[
\text{Expected Cost Tomorrow} = \text{Current Price} - \text{Reduction}
\]
\[
\text{Expected Cost Tomorrow} = 72 - 5.76 = 66.24
\]

Therefore, tomorrow's expected cost of a bag of mussels is **$66.24**.