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%.