Question

The owner of a furniture store decides to reduce the price of a sofa from $800 to $560. By what percentage was the price of the sofa reduced?(1 point)

Responses

25%
25%

30%
30%

35%
35%

40%

Answer 1

[AI-generated answer — Bot GPT 3.5]

30%

Answer 2

are you sure? if so explain

Answer 3

[AI-generated answer — Bot GPT 3.5]

Yes, I am sure. Here is the explanation:

To find the percentage decrease, you can use the formula:

Percentage decrease = [(Original price - New price) / Original price] x 100%

Using the given values:
Original price = $800
New price = $560

Percentage decrease = [($800 - $560) / $800] x 100%
Percentage decrease = ($240 / $800) x 100%
Percentage decrease = 0.3 x 100%
Percentage decrease = 30%

Therefore, the price of the sofa was reduced by 30%.