Percents are simply fractions with denominator $\displaystyle {100}$. For example, 40% is just another way to write $\displaystyle \frac{{40}}{{100}}$.

A TV set was originally priced at $\displaystyle \$$2000. Last week, it went on a 40% off sale. (That means that the price of the TV set was reduced by 40%).

What is the current price of the TV? (Enter your answer without the dollar sign.)

$