Question

Elaine is selling her car. She listed the price at $10,599. After not getting any offers for a month, she then listed the price at $8000. Find the percentage of increase or decrease. Round to the nearest whole percent. Select the percentage AND whether it is an increase or decrease with your answer.

A) 32% increase
B) 25% decrease
C) $2599 increase
D) 25% increase

Answer 1

The percentage of decrease is 25%.

Step-by-step explanation:

To find the percentage of increase or decrease, we need to compare the original price and the new price. The original price is $10,599 and the new price is $8,000.

To calculate the percentage of increase or decrease, we need to find the difference between the new price and the original price, which is $10,599 - $8,000 = $2,599.

Next, we divide the difference by the original price and multiply by 100 to get the percentage. (2,599 / 10,599) * 100 = 24.51%. Rounding to the nearest whole percent, the percentage of decrease is 25%. Therefore, the correct answer is B) 25% decrease.