A person saved $10 in buying an item on sale.

A person saved $10 in buying an item on sale. If he spent $500 for the item, approximately how much percent he saved in the transaction?

Quiz

Answer/Solution

2%

Steps/Work

Actual price = 500+10 = $510
Saving = 10/510 * 100 = 100/51 = 2% approximately
Answer is C