Question

=Finding the percentage increase or decrease: BasicThe price of an item yesterday was $60. Today, the price fell to $51. Find the percentage decrease.

Answer 1

15%

Explanation:

Given:

• The initial price of the item (yesterday) = $60

,

• The final price of the item (today) = $51

To determine the percentage decrease, first, determine the absolute change in price.

`\text{Change}=|Final\text51-60`

Next, divide the change in price by the initial price and multiply by 100.

`\begin{gathered} \text{Percentage Decrease=}\frac{\text{Change}}{Initial\text{ Price}}*100 \\ =(9)/(60)*100 \\ =0,15*100 \\ =15\% \end{gathered}`

The percentage decrease in the price of the item is 15%.