Answer: 44% decrease
Work Shown:
a = old price = 5000
b = new price = 2800
c = change in price
c = b-a
c = 2800-5000
c = -2200
The value of c is negative to indicate a price decrease.
d = percent change
d = (c/a)*100%
d = (-2200/5000)*100%
d = -44%
There is a 44% decrease or discount.