A contractor gets a 2% discount o n a monthly sand and gravel bill of $1,655.75 if the bill is paid within 10 days of the statement date. How much is saved by paying the bill within the 10-day period?

The percentage is defined as a given amount in every hundred. It is a fraction with 100 as the denominator percentage is represented by the one symbol %.

The percentage is also called the indicating hundredths. Thus, 2% is two-hundredth, which means 2%=2/100=0.02.

The percentage is just like the amount of that value but in between 1 to 100 and it is very useful to predict for example if you say 678 then we have to know about the full number also but if you say 80% then it becomes clear.

Given that,

Amount of bill = $1,655.75

Discount percentage = 2%

So,

2% of $1,655.75

⇒ 2× 1,655.75/100

⇒ 0.02 × 1,655.75

⇒ 33.115

Hence "The contractor saved a total of $33.115 on his monthly bill of sand and gravel".

For more about the percentage,

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