SOLUTION: Pls assist in solving: The cost price 450 of an article is reduced by 150 find the ratio by which the price is reduced.

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Question 939145: Pls assist in solving:
The cost price 450 of an article is reduced by 150 find the ratio by which the price is reduced.

Answer by Edwin McCravy(20060) About Me  (Show Source):
You can put this solution on YOUR website!
You are asking:

What percent of the old price is the amount by which it is reduced?

or

What percent of 450 is 150?

%22%22=%22%22+150%2F450%22%22=%22%221%2F3

Edwin