3
Answer: BSet 1: Percentages (Intermediate)
Explanation
PROBLEM
A price of $130 decreases by 20%. What is the new price?
A price of $130 decreases by 20%. What is the new price?
A.
208
B.✓ Correct
104
C.
99
D.
114
Detailed Explanation
Choice B is the best answer. Decrease = 20% of 130 = 26. New price = 130 - 26 = $104
Why others are wrong:
A: 208 is incorrect because it does not satisfy the equation.
C: 99 is incorrect because it does not satisfy the equation.
D: 114 is incorrect because it does not satisfy the equation.