A store advertises 15% off an item that regularly sells for $300. How is a 15% discount similar to a 15% decrease? Explain
1 Answer
Mar 23, 2018
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Explanation:
In the context of this problem, they are the same. When the store offers you a 15% discount on an item, they are essentially decreasing the price by 15%. If you decrease the price by 15%, that means that the item you are buying is now 85% of the original cost (100%-15%). In your case, the $300 item would now be $255. A discount works similarly, in that it takes 15% of the original price off when you purchase it. In this case, 15% of the $300 price tag would be $45. When you buy this item, those $45 or 15% would be taken off, equating to the same thing as a 15% decrease in price.
