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The price of a $250 coat decreased 10% last year. What is the price of the coat this year?

User Hollister
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Answer: $225. If the price of the coat was $250 last year, then the coat costs $225 this year.

Explanation:

Since the coat costed $250 last year, it is 100% of its original.

Now that it has decreased 10%, it is 100%-10%=90% of its original price.

The new price of the coat will be (90% ÷ 100%) × $250 = $225

User Nickvans
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