Question

A store marks down the price of a necklace from $389.85 to $314.15. By what percent did the price decrease? Round to two decimal places.
a.
13.21%
b.
15.75%
c.
19.42%
d.
24.10%

Answer 1

Percent decrease = (389.85 − 314.15)/389.85 × 100% = 75.70/389.85 × 100% ≈ 19.42%.

Answer: c. 19.42%