SOLUTION: Please Help...I am totally confused! A $120 coat goes on sale for $96. By what percent was the coat discounted? The answer is suppose to be 20% but i can't figure out how to get

Question 27951: Please Help...I am totally confused!
A $120 coat goes on sale for $96. By what percent was the coat discounted?
The answer is suppose to be 20% but i can't figure out how to get it...help would be GREATLY appreciated! Thanks!♥
Answer by bmauger(101) (Show Source): You can put this solution on YOUR website!
"By what percent was the coat discounted" means first find the dollar amount of the discount (eg, how much off). You find that by subtracting. 120-96=$24. To find what percentage 24 is of 120, write it as a fraction and express the decimal as a percent:
=20%
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