A person saved $50 in buying an item on sale. If he spent $500 for the item, approximately how much percent he saved in the transaction?
Choices
A) 8%  B) 10%  C) 2%  D) 5%  E) 1.8%
Actual price = 500+50= 
<gadget id="calculator">500+50</gadget>
<output>550</output>
$550   Saving= 10/550 * 100 = 100/55 = 1.8% approximately   Answer is 1.8%
<result>E</result>
A person saved $50 in buying an item on sale. If he spent $500 for the item, approximately how much percent he saved in the transaction?