Find the price of the new offer

  • Thread starter Rubies
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In summary, the conversation discusses finding 20% of the original price and clarifies that it is not the same as finding the price with a 20% discount. The proper way to find the new price is to calculate 80% of the original price, as the discounted price is 20% less than the original price. It is important to understand the difference between "of" and "off" in this context.
  • #1
Rubies
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Homework Statement
Find 20% of original price
Relevant Equations
What is new price?
Attempting: 20% is 2/10 as a fraction.
550: by 10 and *2 =110
Is it correct if not explain to me please
Thanks
 

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  • #2
The new price is NOT 20% of the original one. It's 20% OFF. Try it again.
 
  • #3
550/100*20=110
 
  • #4
You are computing 20% of 550, but this is not what the problem asks you.
 
  • #5
Can you show me the proper way,please
 
  • #6
Think about this: If something is 100% off, how much do you have to pay?
 
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Likes Rubies
  • #7
Rubies said:
Problem Statement: Find 20% of original price
The above is NOT the problem statement in the image you attached. It says that the TV's price is 20% off the original price, not 20% of the original price.
Rubies said:
Relevant Equations: What is new price?
 
  • #8
Think of the problem as you would when shopping for something. Ie going to the department store to buy a shirt. If the shirt cost 50 dollars and it says that the sales price is 50% off (we do not care about tax in this situation). What is the actual amount you pay? It is certainly not 50, since it is on sale...
 
  • #9
If they said they took $10 off the price, do you know what to do? This is similar, except first you calculate the amount off using the percentage.
 
  • #10
If English is not your native language, it is common to confuse "of" and "off" (other languages often use the same word for both). "Off" in this context means "taken away from", thus 20% off the original price means that 20% of the original price is taken away from the original price, so the new price is 80% of the original price.
 
  • #11
Let's hold off any further comments until the OP returns. S/he hasn't been here for nearly a month.
 

1. What is the new offer and how is it different from the previous one?

The new offer is a pricing plan for a product or service. It may differ from the previous offer in terms of price, features, or duration.

2. How do you determine the price of the new offer?

The price of the new offer is determined by various factors such as production costs, competition, market demand, and profit margins. Extensive market research and analysis are usually conducted to determine the optimal price for the new offer.

3. Can you explain the pricing strategy behind the new offer?

The pricing strategy for the new offer may vary depending on the company's goals and target market. It could be a penetration pricing strategy to attract new customers, a skimming strategy to target a niche market, or a value-based pricing strategy based on the perceived value of the product or service.

4. What discounts or promotions are included in the new offer?

The new offer may include discounts or promotions such as introductory offers, bundle deals, or loyalty rewards. These are often used to incentivize customers and increase sales.

5. Are there any hidden fees or charges in the new offer?

No, the price of the new offer should be transparent and include all costs and fees. However, it is always important to carefully read the terms and conditions to ensure there are no hidden fees or charges.

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