Question

The price of a book is marked down from $12.50 to $10.00. What is the percent of decrease, before tax?

Answer 1

The percent of decrease, before tax, is 20%.

Step-by-step explanation:

To find the percent of decrease, we can use the formula:

Percent decrease = (original price - new price) / original price * 100%

Using the given values, we can calculate the percent decrease:
Percent decrease = ($12.50 - $10.00) / $12.50 * 100% = $2.50 / $12.50 * 100% = 20%.

Therefore, the percent of decrease, before tax, is 20%.