A store is having an inventory reduction sale, so an employee marks down some sets of spoons from $8 to $4.08. What is the discount percentage?
Write your answer using a percent sign (%).
To find the discount percentage, we need to determine the amount of the discount and then divide it by the original price.
The amount of the discount is $8 - $4.08 = $3.92.
To find the discount percentage, we divide the discount amount by the original price, and then multiply by 100:
($3.92 / $8) * 100% = 49%.
Therefore, the discount percentage is 49%.