Vinh is saving for a standing mixer that costs $400. He currently has $160 saved. What percentage does he have saved? (1 point)
To find the percentage that Vinh has saved, we can divide the amount he has saved ($160) by the cost of the standing mixer ($400), and then multiply by 100 to express the answer as a percentage.
Percentage saved = (Amount saved / Total cost) x 100
Percentage saved = (160 / 400) x 100
Percentage saved = 0.4 x 100
Percentage saved = 40%
Therefore, Vinh has saved 40% of the total cost of the standing mixer.