On a sale,Mr. Cruz bought a pair of pants at 75% its original price.Then he sold it to his neighbor at 125% of the price he bought it.What fraction of its originals price did the neighbor buy the pair of pants?
, 15/16 of the original price, , We all know that the , of different products also differ at different times of the year. Sometimes they go up, and sometimes they go down or we say , . , As the problem states, Mr. Cruz bought a pair of pants at 75% of the original price, meaning, he bought it at 25% off the original price. , If we say , "X" is the original price of the pants, then , the amount by which Mr. Cruz has bought the pair of pants is represented as , "0.75X", Notice that we are now using decimals instead of , . That is because percents, in solving problems, are represented in decimals of a hundredth. , After which, he sold it to his neighbor at 125% of the price he bought. , So buying price = "0.75X", selling price = "1.25 of buying price", = 1.25(0.75X), = (15/16)X, = 0.9375X, Therefore, the fraction by which the neighbor has bought the pair of pants with reference to the original price is 15/16, For more related topics, see links below., , , ,