Question

The sale price of a spring break vacation package was $209.99 the travel agent said by booking early you saved $20.00. Find the percent decrease in price

Answer 1

`\%\ decrease = 9.52\%`

Explanation:

Given

`Sales\ Price = \$209.99`

`Saved = \$20.00`

Required

Determine the %decrease

First, we need to determine the amount paid

`Amount = Sales\ Price - Amount\ Saved`

`Amount = \$209.99 - \$20.00`

`Amount = \$189.99`

The percentage decrease is the calculated as follows:

`\%\ decrease = -100\% * (Final - Initial)/(Initial)`

In this case;

`Initial = Sales\ Price = \$209.99`

`Final = Amount\ Paid = \$189.99`

So; we have:

`\%\ decrease = -100\% * (189.99 - 209.99)/(209.99)`

`\%\ decrease = -100\% * (-20)/(209.99)`

`\%\ decrease = 100\% * (20)/(209.99)`

`\%\ decrease = (2000\%)/(209.99)`

`\%\ decrease = 9.52426306015\%`

`\%\ decrease = 9.52\%` (Approximated)