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The new price of a tie after a discount is calculated by multiplying the original price by $$75%.What has the discount done to the price?

Question

The new price of a tie after a discount is calculated by multiplying the original price by 75%$. What has the discount done to the price?

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Solution

Sure, let's break down the problem step by step.

  1. Identify the original price of the tie: Let's denote the original price of the tie as P P .

  2. Understand the discount: The discount is such that the new price is 75% of the original price. This means the tie is being sold at 75% of its original price after the discount is applied.

  3. Calculate the new price: The new price of the tie can be calculated by multiplying the original price P P by 75%. Mathematically, this is represented as: New Price=P×0.75 \text{New Price} = P \times 0.75

  4. Interpret the effect of the discount: The discount has reduced the price of the tie to 75% of its original price. This means the tie is now 25% cheaper than its original price.

To summarize, the discount has reduced the price of the tie by 25%, making the new price 75% of the original price.

This problem has been solved

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