If an item is 1/3 off, to calculate the final price simply divide the original price by 3. true or false

false..

if it was asking for 1/3 of the original price, it would be true
but 1/3 off....means u are paying 2/3...so u would multiply the original price by 2, then divide by 3...or u would take the original price and subtract 1/3 * the original price