Question

During the summer, an ice cream shop is able to sell their ice cream at a marked-up price of $4.95 per scoop. During the winter months they reduce the price of their ice cream to $2.75 per scoop to try and attract more customers. Find the overall percentage decrease from their summer to winter prices.

Round your answer to the nearest hundredth of a percent, if necessary.

Answer 1

44.44%

Explanation:

Percentage decrease formula:

1. Starting val. - Final val. = x

2. x divided by Starting val. = decrease (as decimal)

3. decrease as decimal times 100 = percentage decrease

Now let's plug in our values:

1. 4.95(starting val.) - 2.75(final. val) = 2.2(x)

2. 2.2/4.95 = 0.444...(decrease)

3. 0.444... times 100 = 44.444...

Round to nearest hundredth:

= 44.44% is the percentage decrease.