SOLUTION: The Greens just bought a new refrigerator. They set aside $750 to buy it. After shopping for a while, they finally decided on one. It was originally priced at $800, but they bough

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: The Greens just bought a new refrigerator. They set aside $750 to buy it. After shopping for a while, they finally decided on one. It was originally priced at $800, but they bough      Log On


   

Question 1093563: The Greens just bought a new refrigerator. They set aside $750 to buy it. After shopping for a while, they finally decided on one. It was originally priced at $800, but they bought it on sale for $700. What percentage was the refrigerator marked down?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
It was marked down +800+-+700+=+100+ dollars
The FRACTION that is was marked down was:
+100%2F800+=+1%2F8+
The PERCENTAGE it was marked down was:
+%281%2F8%29%2A100+=+12.5+
12.5%