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Taxes last year were 985 and 812 this year. What is the percent decrease?

a) 17.76%
b) 17.42%
c) 17.32%
d) 16.89%

1 Answer

5 votes

Final answer:

The percent decrease in taxes is calculated as (($173 / $985) × 100), which gives a decrease of 17.56%. None of the given options match this calculated decrease.

Step-by-step explanation:

The percent decrease in taxes from last year to this year can be calculated using the formula:
((original value - new value) / original value) × 100.

Applying this to the given values:

  • Original value (last year's taxes): $985
  • New value (this year's taxes): $812

The decrease in taxes is $985 - $812 = $173. Now, use the formula to find the percent decrease:

(($173 / $985) × 100) = 17.56%

Therefore, the correct answer is none of the given options (a), (b), (c), or (d), as they do not match the calculated percent decrease of 17.56%.

User Jonathan Mayhak
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