Question

I can use help finding out the steps to answer this correctly

Answer 1

For this exercise you need to use the following formula:

`PercentageDecrease=\frac{Initial\text{ }Value-Final\text{ }Value}{|Initial\text{ }Value|}\cdot100`

In this case, you know that the price of the shoes is usually $80 and now it is $76. Then:

`\begin{gathered} Initial\text{ }Value=80 \\ Final\text{ }Value=76 \end{gathered}`

Therefore, substituting values into the formula and evaluating, you get:

`\begin{gathered} PercentageDecrease=(80-76)/(|80|)\cdot100 \\ \\ PercentageDecrease=(4)/(80)\cdot100 \\ \\ PercentageDecrease=5 \end{gathered}`

Hence, the answer is: 5%