Question

The regular price of a novel is $24.95. It is currently on sale for $14.97. Complete the
proportion to determine the percent of change.
(2 points)
24.95 − 14.97 14.97 − 24.95 24.95 14.97
What is the percent of change in this situation? Round the answer to the nearest whole
percent. (1 point)

Answer 1

Percent change = (original − sale)/original = (24.95 − 14.97)/24.95 = 9.98/24.95 = 0.40 = 40%.

So the price decreased by 40% (≈ 40% rounded).