Question

In 1995, the price of a laser printer was 1,299. In 2002, the price of the same type of printer had dropped to 499. Find the percent of decrease

Answer 1

The percent of decrease in price from 1995 to 2002 is approximately 61.66%.

Step-by-step explanation:

To find the percent of decrease, we need to find the difference between the initial price and the final price, and then calculate the percentage of this difference in relation to the initial price.

Step 1: Calculate the difference between the initial price and the final price: $1,299 - $499 = $800.

Step 2: Calculate the percentage of decrease: ($800 / $1,299) x 100 = 61.66%

Therefore, the percent of decrease in price is approximately 61.66%.