Final answer:
To calculate the percent of decrease in season ticket prices, subtract the new cost from the original cost to find the decrease ($372.60), then divide by the original cost and multiply by 100, resulting in a 13.8% decrease.
Step-by-step explanation:
The question asks for the percent of decrease in the cost of season tickets for Tyrone’s favorite baseball team. To find this, we follow a two-step process. First, we calculate the decrease in cost by subtracting the current season ticket price from the previous price. Next, we determine the percentage decrease by dividing the decrease by the original cost and then multiplying by 100 to convert it to a percentage.
Step 1: Calculate the Decrease in Cost
Last year's cost of season tickets: $2,700
This year's cost of season tickets: $2,327.40
Decrease in cost: $2,700 - $2,327.40 = $372.60
Step 2: Calculate the Percent of Decrease
Percent of decrease = ($372.60 ÷ $2,700) × 100
Percent of decrease = 13.8%
Therefore, the percent of decrease in the cost of season tickets is 13.8%.