A pair of pants costs $24. The cost was decreased by 8%. What is the new cost of the pants?
If the cost of the pants is decreased by 8%, the cost of the pants is 92 percent of the original cost (100% - 8% = 92%). To ?nd out 92% of the original cost, multiply the original cost of the pants through the decimal equivalent of 92%; $24 × 0.92 = $22.08.