Question

The price of the original shirt is $45, it is reduced to $32.50. Calculate the percentage decrease. Show your workings.

Answer 1

The percent decrease in the price of shirt is 27.78%

Explanation:

The percent decrease is the decrease in the price of a product or good.

Given

Original Price = $45

Decreased price = $32.50

Percentage decrease is calculated by using the formula

`Percentage\ decrease = (decrease)/(Original\ price) *100\\`

And the decrease is calculated as:

`Decrease = Original\ price - Reduced\ price`

So,

`Decrease = 45-32.50 = 12.5`

Putting the values in the formula for percent decrease

`Percent\ decrease = (12.50)/(45) *100\\=0.2777..*100\\= 27.77..`

Rounding off to nearest hundredth: 27.78%

Hence

The percent decrease in the price of shirt is 27.78%