Question

Five years ago, an average model 70” TV cost about $2,416

. Now a similar TV costs approximately $1,812
. What is the percent decrease in TV price?

Answer 1

Answer: Decreased by 25%

Step-by-step explanation: Percent decrease is original price minus new price all divided by original price times 100. If we plug our numbers into that equation,

$2,416 - $1,812 = $604

$604 / $2,416 = 0.25

0.25 x 100 = 25%

This is the total percent decrease in the cost of the TV over the full course of five years.