Note: Enter your answer and show all the steps that you use to solve this problem in the space provided.
The price of a video game was reduced from $70.00 to $40.00. By what percentage was the price of the video game reduced? Justify your answer.
The price of the video game was reduced by 42.86%.
Steps:
1. Calculate the difference between the original price and the reduced price:
$70.00 - $40.00 = $30.00
2. Calculate the percentage of the reduction:
$30.00/$70.00 = 0.4286
3. Convert the decimal to a percentage:
0.4286 x 100 = 42.86%