Question

Last year the cost of 1000 articles was 5000. This year it goes down to 4000. What is the percentage of decrease in price? 1000/​

Answer 1

20%

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The old price was 5000 and the new price is 4000.

The difference is:

• 5000 - 4000 = 1000

So, the percentage decrease is:

• ((1000 / 5000) * 100) = 20%

Therefore, the price of the articles decreased by 20% this year compared to last year.