Question

The price of a new shirt was slashed from N1 500 to N1 250. Find the percentage decrease in the price of the shirt.​

Answer 1

The percent decrease is 16.67%.

Explanation:

percent change = (new price - old price)/(old price) × 100%

percent change = (N1250 - N1500)/(N1500) × 100%

percent change = -250/1500 × 100%

percent change = -16.67%

A negative percent change is a percent decrease.

The percent decrease is 16.67%.