Final answer:
Calculate the percent decrease by first finding the amount of decrease ($41.30), then dividing this by the regular price ($590), and finally multiplying by 100 to find a 7% decrease.
Step-by-step explanation:
To find the percent decrease of the sale price from the regular price of a sofa, we use the formula:
- Calculate the amount of decrease by subtracting the sale price from the regular price.
- Divide the amount of decrease by the regular price.
- Multiply the result by 100 to get the percentage.
Let's apply this step-by-step:
- The amount of decrease = Regular price - Sale price = $590 - $548.70 = $41.30.
- The percentage decrease = ($41.30 ÷ $590) × 100.
- Now calculate the percentage: $41.30 ÷ $590 × 100 ≈ 7% decrease.