Question

A used clothing store displays the original price and the selling price for each item. A jacket has an original price of $139.99 and a selling price of $59.99. What is the percent decrease in the price of the jacket? Round to the nearest whole percent

Answer 1

To find the percent decrease in the price of the jacket, we can use the formula for percent decrease:

\[
\text{Percent Decrease} = \frac{\text{Original Price} - \text{Selling Price}}{\text{Original Price}} \times 100
\]

Plugging in the values for the jacket:

- Original Price = $139.99
- Selling Price = $59.99

First, calculate the decrease in price:

\[
\text{Decrease} = \text{Original Price} - \text{Selling Price} = 139.99 - 59.99 = 80.00
\]

Now, substitute this decrease into the formula:

\[
\text{Percent Decrease} = \frac{80.00}{139.99} \times 100
\]

Now perform the division:

\[
\frac{80.00}{139.99} \approx 0.5715
\]

Now, multiply by 100 to convert to a percentage:

\[
0.5715 \times 100 \approx 57.15
\]

Finally, round to the nearest whole percent:

\[
\text{Percent Decrease} \approx 57\%
\]

Thus, the percent decrease in the price of the jacket is **57%**.