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Question 2 of 10 (1 point) | Question Attempt: 1 of Unlimited
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The price of an item has dropped to $88 today. Yesterday it was $160. Find the percentage decrease.
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Answer 1

To find the percentage decrease from $160 to $88, you can use the following formula:

Percentage Decrease = [(Original Price - New Price) / Original Price] * 100%

In this case:

Original Price = $160

New Price = $88

Percentage Decrease = [($160 - $88) / $160] * 100% = [($72) / $160] * 100% = (0.45) * 100% = 45%

So, the percentage decrease is 45%.

Explanation: