Oscar purchased a new table that was on sale for $5.06. The original price was $9.20. What percentage discount was the sale price?

🧠 Explanation:

Oscar bought a table on sale for $5.06, originally priced at $9.20, yielding a 45% discount. Calculated as [(9.20-5.06)/9.20] × 100 = 45%, this shows the price reduction. Percentage discounts are common in retail, aiding consumers in evaluating savings. Understanding such calculations is vital in finance, shopping, or economics, ensuring informed purchasing decisions. This problem tests percentage skills, applicable in budgeting or sales analysis, where accurate computations drive financial literacy and help consumers maximize value in everyday transactions or business contexts.