Question

Sales of video games and consoles fell from $1.15million to $1.03 million in 1 year. Find the percent decrease. Round the answer to the nearest tenth of a percent.

Answer 1

Percent decrease = 10.43% (Approx)

Explanation:

Given:

Old price = $1.15 million

New price = $1.03 million

Find:

Percent decrease

Computation:

Percent decrease = [(Old price - new price)/Old price]100

Percent decrease = [($1.15 million - $1.03 million)/$1.15 million]100

Percent decrease = [($0.12 million)/$1.15 million]100

Percent decrease = 10.43% (Approx)