To find the percent decrease in price, we can use the formula:
\[ \text{Percent Decrease} = \frac{\text{Original Price} - \text{Sale Price}}{\text{Original Price}} \times 100 \]
In this case:
- Original Price = $22.50
- Sale Price = $18.00
First, calculate the decrease in price:
\[ \text{Decrease in Price} = \text{Original Price} - \text{Sale Price} = 22.50 - 18.00 = 4.50 \]
Now, use the formula to find the percent decrease:
\[ \text{Percent Decrease} = \frac{4.50}{22.50} \times 100 \]
Calculating the fraction:
\[ \frac{4.50}{22.50} = 0.2 \]
Now, multiply by 100 to convert to percentage:
\[ 0.2 \times 100 = 20 \]
Thus, the percent decrease in price is 20%.
The correct answer is B. 20%.