Question

During the course of a year, the price of a boat decreased from $300,000 to $225,000. What was the percent decrease in price?

Answer 1

----------------------------------------
Formula
----------------------------------------

`\text {Percentage Decreased = } \frac{\text {Amount decreased}}{\text {Original}} * 100`

----------------------------------------
Find Amount Decreased
----------------------------------------

`\$300,000 - \$225,000 = \$75,000`

----------------------------------------
Find Percentage Decreased
----------------------------------------

`\text {Percentage Decreased = } \ (75000)/(300000) * 100`


`\text {Percentage Decreased = } 25\%`