Question

Ruth is a sophomore at Oxford College. Last year, tuition was $9,440 per semester. This year, she paid $8,496 for each semester. What was the percent of decrease in the cost of tuition?

Answer 1

To calculate the percent of decrease in the cost of tuition, use the formula: Percent Decrease = ((Initial Value - Final Value) / Initial Value) * 100%. In this case, the percent of decrease in the cost of tuition is 10%.

Step-by-step explanation:

To calculate the percent of decrease in the cost of tuition, we can use the formula:

Percent Decrease = ((Initial Value - Final Value) / Initial Value) * 100%

In this case, the initial value of tuition is $9,440 per semester and the final value is $8,496 per semester.

Percent Decrease = (($9,440 - $8,496) / $9,440) * 100% = (944 / 9,440) * 100% = 10%

Therefore, the percent of decrease in the cost of tuition is 10%.

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