Last year Jacob made $2,300 at his summer job. This year he only made $1,771.

Question

What is the percent decrease?



Last year Jacob made $2,300 at his summer job. This year he only made $1,771.

What is the percent decrease?

5%

23%

30%

77%

Answer 1

To find the percent decrease, we need to first find out how much money Jacob made less this year compared to last year.

To do this, we can subtract this year's earnings from last year's earnings:

$2300 - $1771 = $529

Now we need to find out what percent $529 is of $2300.

To do this, we can divide the decrease by the original amount, and then multiply by 100 to get the percentage:

($529 / $2300) * 100 = 0.23 * 100 = 23%

So the percent decrease in Jacob's earnings is 23%. Answer: \boxed{23\%}.