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 $412.50 of available credit. What is the percentage decrease of the amount of available credit in Dylan's account?

Answer 1

45%

Explanation:

The formula to work out the decrease is:

Percentage Decrease= actual decrease / original amount X 100%

1) So firstly, we have to work out the decrease, to do this we have to do is do $750-$412.50= $337.50

2) We can now substitute this into our formula which will now be. (We will also add the original amount, which is $750.00)

Percentage Decrease= 337.50 / 750.00 X 100% = 45

The percentage decrease is 45%