280,148 views
38 votes
38 votes
When moving from Chicago to Milwaukee, your salary went from $65,000 per year to $55,000 per year. By what percent does your salary decrease? Round your answer to the nearest tenth of a percent (one decimal place).

User Corey Alexander
by
2.8k points

1 Answer

21 votes
21 votes

Data:

Initial salary: $65,000

Salary after decrease: $55,000

To find the percentage of decrease you use the next formula:


D=(O-N)/(O)\cdot100

Where:

D is the percentage of decrease

O is the original value

N is the new value

Then, you have the next:

O=$65,000

N= $55,000


\begin{gathered} D=(65000-55000)/(65000)\cdot100 \\ \\ D=(10000)/(65000)\cdot100 \\ \\ D=0.1538\cdot100 \\ \\ D=15.38 \end{gathered}Then, the percentage of decrease is 15.4% (round to the nearest tenth)
User Qumber
by
3.1k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.