Answer:
The new price represents a 96.9% of the original price.
Step-by-step explanation:
Givens
- The new set of golf clubs cost $775
- The cost was marked up $800 in October.
Let's call \(p\) the unknown percentage.
To find the percentage of the original price is the new price, we just need to divide them, and then multiply them by 100 to express the result in percetange
\(p=\frac{775}{800} \times 100\%= 96.9 \%\)
Therefore, the new price represents a 96.9% of the original price.
In other words, the new price is 3.1% less than the original price.
