The owner of furniture store decides to reduce the price of a sofa from $800 to $560 by what percentage was the price of the sofa reduced
The original price of the sofa was $800 and the reduced price is $560.
To calculate the percentage reduction in price, follow these steps:
1. Calculate the difference between the original price and the reduced price:
$800 - $560 = $240
2. Divide the difference by the original price and multiply by 100 to get the percentage:
($240 / $800) * 100 = 30%
Therefore, the price of the sofa was reduced by 30%.