Science, Maths & Technology
Ratio, proportion and percentages
...business fails to do well and decides to close down. It makes a further reduction on all its stock of 12%. What would the same Chinese rug be sold for now? Answer (a) In the first sale the Chinese rug would cost (100% − 20%) of £245, 100% − 20% = 80%, 0.80 × £245 = £196. (b) In the final closing sale the rug would cost (100% − 12%) of £196 or 0.88 × £196 =...