Question

Price of a jeep dropped from 27000 to 22900. What was the percent decrease in price nearest hundredth percent?

Answer 1

(27,000 - 22,900)/27,000 = 0.1519 or 15.19% decrease in price.

Explanation:

Answer 2

For this case, we propose a rule for three:

27,000 -----------> 100%

22,900 -----------> x

Where "x" represents the percentage associated with 22,900.

`x = \frac {22,900 * 100} {27,000}\\x = 84.8148148148`

Now we look for the percentage of decrease:

100% -84.8148148148% = 15.1851851852%

Rounding off we have:

15.19%

Answer:

15.19%