a fish market advertises fresh fish for 4.62$ per kilo the og price was 5.25 per kilo by what percentage did the price decrease

Answer 1

To calculate the percentage decrease in price, you can use the following formula:

\[ \text{Percentage Decrease} = \frac{\text{Old Price} - \text{New Price}}{\text{Old Price}} \times 100 \]

In this case:

• Old Price = 5.25
• New Price = 4.62

Now, plug in the values:

\[ \text{Percentage Decrease} = \frac{5.25 - 4.62}{5.25} \times 100 \] \[ = \frac{0.63}{5.25} \times 100 \] \[ \approx 0.12 \times 100 \approx 12 \]

So, the price decreased by approximately 12%.