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On a certain item the price is decreased to 0.42 from 0.62. What is the actual percentage of discount?
  1. 32%
  2. 34%
  3. 33%
  4. 37%
Explanation

To calculate the percentage of discount, you can use the following formula:

percentage discount = (original price – new price) / original price * 100%

In this case, the original price is 0.62 and the new price is 0.42. So, the calculation would be:

percentage discount = (0.62 – 0.42) / 0.62 * 100% = 0.2 / 0.62 * 100% = 0.3225806452 * 100% = 32.26% ~= 32%

Therefore, the actual percentage of discount is 32%.

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