# A store is going out of business Everything is marked down 40%. How much do you pay now for an item that used to cost $150?

##### 1 Answer

Nov 18, 2016

You now pay $90 for an item that used to cost $150.

#### Explanation:

Let's call the price we are looking for

We can then write an equation to calculate

#p = 150 - (40% of 150)

"Percent" or "%" means "out of 100" or "per 100", Therefore 40% can be written as

Therefore we can rewrite our equation and solve for