Question

The price of an item yesterday was $140. Today, the price fell to $63. Find the percentage decrease.

Answer 1

Answer: 55% decrease

Explanation:

% decrease is calculated by = [ (New Value - Old Value) / Old Value × 100

63 - 140 = -77

-77/140 = -0.55

- 0.55 x 100

= -55%

Answer 2

55% decrease

Explanation:

To find the percent decrease

Take the original price and subtract the new price

140-63 =77

Divide by the original price

77/140

.55

Multiply by 100 to get the percent

.55*100 = 55%

55% decrease since the price got lower