A microwave oven costs $124.85 before it is marked down. If it is marked down by 63%, what is its new price, to the nearest cent? a. $78.66 b. $61.85 c. $58.68 d. $46.19

The correct answer is d) $46.19

$124.85 x 0.63 = $78.66 BUT if its marked down BY 63%, not TO 63%, then we need to do another step, which is subtracting $78.66 from $124.85, giving us the final answer of d) $46.19.

An even faster way to do this is to subtract 63% from 100% from the get go, which tells us that the new current cost is 37% of the original cost. Then we can multiply the original cost ($124.85) by 0.37, which gives us the same answer ($46.19) in just one step.

I think that the answer is D. $46.19