Tommy’s electronics has a 60-inch television on sale this week for $798. The television is regularly priced for $1,050. By what percent did the price of the television decrease?
A.76%
To find the percentage decrease in price, you can use the following formula:
Percentage decrease = ((Original price - Sale price) / Original price) * 100
Let's calculate the percentage decrease for the given scenario:
Original price = $1,050
Sale price = $798
Using the formula:
Percentage decrease = ((1050 - 798) / 1050) * 100
Simplifying the equation:
Percentage decrease = (252 / 1050) * 100
Calculating the result:
Percentage decrease = 0.24 * 100 = 24%
Therefore, the price of the television decreased by 24%, not 76%.