The price of a pair of shoes was reduced from $24 to $20. By what percentage was the price of the pair of shoes reduced? (enter your answer up to the tenths place- you do not need to round)

Answer 1

To find the percentage reduction in price, we can use the formula for percentage change:

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

Here, the original price is $24, and the new price is $20.

First, calculate the amount of reduction:

\[ \text{Reduction} = 24 - 20 = 4 \]

Now, plug the values into the formula:

\[ \text{Percentage reduction} = \left( \frac{4}{24} \right) \times 100 \]

Calculating the fraction:

\[ \frac{4}{24} = \frac{1}{6} \approx 0.1667 \]

Now multiplying by 100 to find the percentage:

\[ 0.1667 \times 100 \approx 16.6667 \]

Thus, the percentage reduction in the price of the shoes is approximately:

\[ 16.7 \]

So the price of the pair of shoes was reduced by 16.7%.