What percent of the original price would I save

Question

Suppose you go shopping for a new futon bed for your apartment/home. The model you really like happens to be on sale for $1125. It's original price is $1400. What percent of the original price will you save if you purchase it?

Answer: Your percent saved would be (as a decimal).

Answer 1

(1400 -1125)/1400

=275/1400

=0.1964285

or bout 20%