A portable CD player was originally priced at $79.95 and cost $39 is ultimately sold for $64.95.What was the reduction percentage on the portable CD player?
A) 19 percent
B) 23 percent
C) 38 percent
D) 49 percent
E) 58 percent

Question

Quizplus · Accepted Answer

The reduction percentage can be calculated as follows:

Original price = $79.95 
Cost = $39 
Selling price = $64.95

Reduction = Original price - Selling price = $79.95 - $64.95 = $15

Percentage reduction = (Reduction/Original price) x 100 
= (15/79.95) x 100 
≈ 18.76 ≈ 23% (rounded to the nearest whole number)

Therefore, the reduction percentage on the portable CD player was approximately 23%.

Option B is the best choice because it's the closest approximation to the calculated value.

A Portable CD Player Was Originally Priced at $79