Question

1. Last year a fishing license cost $52.00. This year the license will cost $46.80.

This is a percent decrease. *

Answer 1

10%

Explanation:

First, get the drop in value by deducting the price this year from last year's price.

Value decrease=$52.00-$46.80=$5.20

To express it as a percentage, we divide it by the original price which was $52.00 then multiply by 100 hence the percentage decrease will be

`\frac {5.20}{52.00}* 100=10\ %`

Therefore, the price decreases by 10%