A microwave oven costs $124.85 before it is marked down. if it is marked down by 63%, the new price, to the nearest cent, is $46.19.
The percentage represents a value divided by 100. In this way, saying 25% of a value is the same as saying 25 out of 100, that is, 25 divided by 100.
In this case we have:
[tex]\$124.85 * (100\% - 63\%)\\= \$124.85 * 37 \%\\= \$124.85 * 0.37\\= 46.1945\\= \$46.19[/tex]
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