To find the percent decrease in the workforce, you can follow these steps:
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Calculate the decrease in the number of employees: \[ \text{Decrease} = \text{Original Number of Employees} - \text{New Number of Employees} = 18500 - 15725 = 2765 \]
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Calculate the percent decrease using the formula: \[ \text{Percent Decrease} = \left( \frac{\text{Decrease}}{\text{Original Number of Employees}} \right) \times 100 \] Plugging in the values: \[ \text{Percent Decrease} = \left( \frac{2765}{18500} \right) \times 100 \]
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Now, perform the calculations: \[ \frac{2765}{18500} \approx 0.1491 \]
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Convert it to a percentage: \[ 0.1491 \times 100 \approx 14.91% \]
Therefore, the percent decrease in the workforce is approximately 14.91%.