SOLUTION: Mrs. Pruitt is interested in a particular bracelet. Its original price was $7,870, but it is now marked down by 60%. What is the price of the bracelet now?

Question 1010078: Mrs. Pruitt is interested in a particular bracelet. Its original price was $7,870, but it is now marked down by 60%. What is the price of the bracelet now?
Answer by Miniml1(17) (Show Source): You can put this solution on YOUR website!
For any markdown type of problem, you can just subtract its markdown percentage from 100% then turn that percent number into a decimal number
100%-60%=40%
To turn any percentage into a decimal, move the decimal place the the left by two places.
40%=0.40
To find the new price, just multiply the cost of the item by the leftover percentage that you turned into a decimal.
7870*0.40=3148
The bracelet is now $3148
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