Question

Jayden bought some silver coins for x dollars. later, jayden sold the coins for 0.95x dollars. which describes the change in the price of the coins? a. 0.95% increase b. 95% increase c. 95% decrease d. 5% decrease

Answer 1

d. 5% decrease

Explanation:

You want the change in price of coins bought for x dollars and sold for 0.95x dollars.

Change

The percent change in price is given by ...

% change = ((new price)/(old price) -1) × 100%

% change = (0.95x/x -1) × 100% = (0.95 -1) × 100%

% change = -0.05 × 100% = -5%

The change in the price of the coins is described as a 5% decrease.

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