Question

The price of the four new tires changes from $638 to $523 find the percent of increase or decrease

A.18% decrease
B.18% increase
C. 22% decrease
D 22% increase

Answer 1

Okay, let's solve this step-by-step:

Original price of 4 tires: $638

New price of 4 tires: $523

To calculate the percent change, we use the formula:

Percent Change = (New Price - Original Price) / Original Price

So in this case:

Percent Change = ($523 - $638) / $638 = -$115 / $638 = -0.18 = 18%

Since the new price is less than the original price, this is a decrease.

Therefore, the answer is A: 18% decrease

So the answer is A: 18% decrease

Answer 2

Explanation:

To find the percent change in price of the four new tires, we can use the formula:

percent change = (new value - old value) / old value * 100%

Here, the old value is $638 and the new value is $523.

percent change = ($523 - $638) / $638 * 100%

percent change = -$115 / $638 * 100%

percent change = -0.18 * 100%

percent change = -18%

The result is a decrease of 18%, so the answer is A. 18% decrease.