Questions: At a movie rental machine, the movies rent for 3.00, except on Tuesdays, when they rent for 0.49. Approximately what percent of the regular cost is saved by renting a movie on a Tuesday? A. 94% B. 84% C. 60% D. 40% E. 16%

Solution Steps

To determine the percentage of the regular cost saved by renting a movie on a Tuesday, we need to calculate the difference between the regular cost and the Tuesday cost, then divide that difference by the regular cost and multiply by 100 to get the percentage.

The regular cost of renting a movie is \( \$3.00 \) and the cost on Tuesday is \( \$0.49 \). The savings can be calculated as follows:

\[ \text{savings} = \text{regular cost} - \text{tuesday cost} = 3.00 - 0.49 = 2.51 \]

To find the percentage of the regular cost that is saved, we use the formula:

\[ \text{percentage savings} = \left( \frac{\text{savings}}{\text{regular cost}} \right) \times 100 \]

Substituting the values we have:

\[ \text{percentage savings} = \left( \frac{2.51}{3.00} \right) \times 100 \approx 83.67\% \]

Final Answer