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?

Answer 1

To calculate the percentage decrease in the price of the shoes, you can use the following formula:

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

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

First, calculate the decrease in price:

\[ \text{Decrease in price} = 24 - 20 = 4 \]

Now, substitute the values into the formula:

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

Calculating this gives:

\[ \text{Percentage decrease} = \left( \frac{1}{6} \right) \times 100 \approx 16.67 \]

Thus, the price of the pair of shoes was reduced by approximately 16.67%.