Question

2) John made $55,000 in 2007, but his income decreased by 17% in 2008 due to the recession. What was his 2008

income?

Answer 1

Answer: $45,650

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Step-by-step explanation:

A decrease of 17% means that he made 100% - 17% = 83% of what he did last year.

83% = 83/100 = 0.83

83% of $55,000 = 0.83*55000 = 45,650 dollars