Question

The local baseball team won the national championship last year. At the start of the baseball season, shirts signed by the team members sold for $250. However, three months into the season, the team had a losing record and the shirts were only selling for $75.

Write an equation to represent this situation. Assume that the price of the shirts decreased by the same rate each month.

Answer 1

Explanation:

Multiplier: -175/3 Decrease: 23⅓ %

Step-by-step explanation: 75 = 250 - 3(d) d = -175/3 Y = 250 - (175/3)m

Where m is the no.

of months Y is the new value

(175/3)/250 × 100 = 70/3 %

Or 23⅓ %