SRL Archive - Mathematics

Hello :) I'm normally pretty good with numbers, but this seems to have stumped me. If something used to be ¢58, and is now ¢20, what percentage saved is that? Thankyou.

I'm guessing 58c - 20c = 38c is what you saved.

So the % saved is 38c/58c = 65.52% yeah?

From: YoHoJo
I'm guessing 58c - 20c = 38c is what you saved.

So the % saved is 38c/58c = 65.52% yeah?

Thankyou! :D

I usually do:
new number / old number * 100% - 100%.

-65.52%

From: masterBB
I usually do:
new number / old number * 100% - 100%.

-65.52%

Thankyou :)

New - Old / Old * 100%

((20 - 58) / 58) * 100 = -65,5172414%

So a decrease of 65,5% =)

From: Geashaw
New - Old / Old * 100%

((20 - 58) / 58) * 100 = -65,5172414%

So a decrease of 65,5% =)

Thankyou :)

If finding the percentage saved, you would take the absolute value of the answer.

From: karlwithak
If finding the percentage saved, you would take the absolute value of the answer.

Thankyou for the reply :)

From: sm321
Hello :) I'm normally pretty good with numbers, but this seems to have stumped me. If something used to be ¢58, and is now ¢20, what percentage saved is that? Thankyou.

i know this isn't quite the answer you are looking for, i would suggest you focus on margin, it makes it easier to determine if you are making good return

when stores calculate margin, they calculate how much they sell over cost as opposed to how much less than final price, so if you sell for 58 and buy for 20 your margin is 38 on cost of 20, that is 190% profit

but basically it says that for same amount of money you can buy 190% more items, that is 2.9 times what you used to buy

it all depends on whether you are going to spend your entire budget or if you are buying fixed number, but if i buy and sell, i look for margin, because i use certain amount of coins usually, except when limited by market

From: zmon
i know this isn't quite the answer you are looking for, i would suggest you focus on margin, it makes it easier to determine if you are making good return

when stores calculate margin, they calculate how much they sell over cost as opposed to how much less than final price, so if you sell for 58 and buy for 20 your margin is 38 on cost of 20, that is 190% profit

but basically it says that for same amount of money you can buy 190% more items, that is 2.9 times what you used to buy

it all depends on whether you are going to spend your entire budget or if you are buying fixed number, but if i buy and sell, i look for margin, because i use certain amount of coins usually, except when limited by market

Thankyou for the reply :) I was looking for the price so that you can say something like

We are x% cheaper!

.