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Question 12
Tracey paid for an item that was originally priced at . What percent of the original price did
Tracey pay?
Your answer is:
Give your answer to one decimal place.
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Ask by Gibbs Welch. in the United States
Mar 29,2025

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Tracey paid 33.3% of the original price.

Solución

The original price is and Tracey paid .
  1. First, form the fraction of the original price that was paid:
  2. Next, convert the fraction to a percentage by multiplying by :
  3. Rounding to one decimal place gives:
Thus, Tracey paid of the original price.

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The Deep Dive

To find the percentage of the original price that Tracey paid, you would use the formula:
Plugging in the values above:
So, Tracey paid 33.3% of the original price.
Now, let’s get a little historical! The concept of discounts and bargaining has roots in ancient trade practices over 4,000 years ago. Merchants in Mesopotamia often had to negotiate prices, which influenced the art of haggling that exists in markets today.
If you’re ever in the mood to sharpen your negotiation skills or learn more about pricing strategies, there are plenty of excellent books on the psychology of pricing. A good read on this topic is “Priceless: The Hidden Psychology of Time and Money” by William Poundstone. It offers fascinating insights into why we perceive prices the way we do!

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