Question

The price of an item has dropped to $119 today, yesterday it was $140, find the percentage decrease.

Answer 1

Someone answered this already and the percentage decrease is 15%.

Answer 2

15%

Step-by-step explanation:

Initial Value = $140

Final value =$119

`\begin{gathered} \text{Percentage decrease=}\frac{Initial\text{ value-Final Value}}{\text{Initial Value}}*100 \\ =(140-119)/(140)*100 \\ =(21)/(140)*100 \\ =0.15*100 \\ =15\% \end{gathered}`

The percentage decrease is 15%.