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