Question

Target sells a pack of iTunes gift cards for $40. Sam's Club sells them for $38.88. What is the percent decrease from Target's price to Sam's Club's price? i'm confused lol

Answer 1

We have been given that target sells a pack of iTunes gift cards for $40. Sam's Club sells them for $38.88. We are asked to find the percent decrease from Target's price to Sam's Club's price.

We will use percent decrease formula to solve our given problem.

`\text{Decrease percent}=\frac{|\text{Final}-\text{Initial}|}{\text{Initial}}* 100\%`

`\text{Decrease percent}=(|38.88-40|)/(40)* 100\%`

`\text{Decrease percent}=(|-1.12|)/(4)* 10\%`

`\text{Decrease percent}=(1.12)/(4)* 10\%`

`\text{Decrease percent}=0.28* 10`

`\text{Decrease percent}=2.8\%`

Therefore, the percent decrease from Target's price to Sam's Club's price is 2.8%.