Question

If a price changes from $105,300 to $104,399 will that be a percentincrease or decrease?

Answer 1

If the price changes from $105,300 to $104,399, It means that there is a decrease in price.

Decrease = 105,300 - 104,399 = $901

The percentage decrease is gotten by dividing the decrease by the initial price and multiplying by 100. It becomes

`(901)/(105300)\text{ }*\text{ 100 = 0.8557\%}`

By rounding up to the nearest whole number, it becomes 1%

The percent decrease is 1%