To determine what percent of the original price Erica paid, we can follow these steps:
1. Identify the original price and the amount paid:
- Original price: $340
- Amount paid: $165
2. Calculate the percentage of the original price that was paid:
- The formula to find the percentage is:
[tex]\[
\text{Percentage Paid} = \left( \frac{\text{Amount Paid}}{\text{Original Price}} \right) \times 100
\][/tex]
3. Substitute the given values into the formula:
- [tex]\[
\text{Percentage Paid} = \left( \frac{165}{340} \right) \times 100
\][/tex]
4. Compute the fraction first:
- [tex]\[
\frac{165}{340} \approx 0.4853
\][/tex]
5. Convert the fraction to a percentage by multiplying by 100:
- [tex]\[
0.4853 \times 100 = 48.53\%
\][/tex]
6. Round the result to the nearest tenth of a percent:
- 48.53% rounds to 48.5%
Therefore, Erica paid 48.5% of the original price.
