Calculating Percentage Discount for Anita's New Hat Purchase

Explanation:

To determine the percentage discount Anita received on the hat, we need to calculate the difference between the original price and the sale price.

The original price of the hat was $9.20 and Anita's purchase price was $5.06. The difference between these amounts is:

$9.20 - $5.06 = $4.14

This $4.14 is the amount of the discount Anita received. Now, to find the percentage discount, we divide the discount amount by the original price and multiply by 100:

($4.14 / $9.20) x 100 = 45%

Therefore, the percentage discount Anita received on the hat purchase was 45%.

← Lease obligation present value calculation Effects of inventory overstatement on net income →