On a certain item the price is decreased to 0.42 from 0.62. What is the actual percentage of discount?
Answer: 32%
Explanation
To calculate the percentage of discount, you can use the following formula:
percentage discount = (original price – new price) / original price * 100%
In this case, the original price is 0.62 and the new price is 0.42. So, the calculation would be:
percentage discount = (0.62 – 0.42) / 0.62 * 100% = 0.2 / 0.62 * 100% = 0.3225806452 * 100% = 32.26% ~= 32%
Therefore, the actual percentage of discount is 32%.
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