An item is regularly priced at
$80
. It is now priced at a discount of
40%
off the regular price. What is the price now?
Since the discount is 40% off,
the sale price will be 100% - 40% = 60% of the regular price.
60% of $80 = 0.6 * $80 = $48
40% off means that it is now worth 60% - .60 - of its original cost
So it now costs
$80 * .60 = $48
