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Oil paintings that were once selling for $835\$835 are now selling for $501\$501. What is the discount, as a percentage?\newlineWrite your answer using a percent sign (%).\newline_____

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Q. Oil paintings that were once selling for $835\$835 are now selling for $501\$501. What is the discount, as a percentage?\newlineWrite your answer using a percent sign (%).\newline_____
  1. Calculate Price Difference: Original price: $835\$835. Sale price: $501\$501. Let's find the difference in price. Difference = Original price - Sale price = $835−$501=$334\$835 - \$501 = \$334.
  2. Calculate Discount Percentage: Now, we calculate the discount percentage. Discount percentage = (Difference/Original price)×100=($334/$835)×100(\text{Difference} / \text{Original price}) \times 100 = (\$334 / \$835) \times 100.
  3. Final Calculation: Doing the math: ($334/$835)×100=0.4×100=40%(\$334 / \$835) \times 100 = 0.4 \times 100 = 40\%.

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