Vinh is saving for a standing mixer that costs $400. He currently has $160 saved. What percentage does he have saved?

A.30%
B.20%
C.40%
D.16%

1 answer

To find the percentage Vinh has saved, divide the amount he has saved by the cost of the standing mixer and then multiply by 100.

($160/$400) * 100 = 0.4 * 100 = 40%

Therefore, Vinh has saved 40% of the cost of the standing mixer.

The answer is C. 40%.