Question

Paul reduced his debt from $1600 to $400. What was the percent decrease?

Answer 1

Answer: 75%

Explanation:

The debt went from $1,600 to $400.

Formula when calculating percent decrease is:

= (New price - old price) / Old price

= (400 - 1,600) / 1,600

= -75%

Paul reduced his debt by 75%