Question

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An office supply store is having a sale. Packages of paper are on sale for $4.60 per package. Regularly, they cost $5.75 per package.
What is the percent of decrease in the price of paper per package?





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Answer 1

20%

Explanation:

Answer 2

20%

Explanation:

Step 1: Subtract starting value minus the final value (decrease)

`\$5.75 - \$4.60\\\\= 5.75 - 4.60 \\\\= 1.15`

Step 2: Divide the decrease by the original number

`1.15 / 5.75\\\\= (1.15)/(5.75)\\\\= 0.2`

Step 3: Multiply the result by 100 to get a percent decrease

`0.2 * 100\\\\= 20`

Therefore, the percent decrease of the price of paper per package is 20%

Note: If the percentage is negative, it means there was an increase and not a decrease.