Question

Dylan opened a credit card account with $750.00 of available credit. Now that he has made some purchases, Dylan's account only has $615.00 of available credit. What is the percentage decrease of the amount of available credit in Dylan's account?

Answer 1

The percentage decrease = 18%.

Explanation:

The formula used to find the percent change (increase or decrease) is:

`(original amount - new amount)/(original amount)` x 100

Since the original amount of available credit is $750 and the new amount available is $615, we can use our formula above to calculate the percent decrease of available credit:

`(750-615)/(750)=(135)/(750)` = .18 x 100 = 18%.