Question 1
To determine the percent of change, we first need to find the decrease in price and then set up the proportion.
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Calculate the decrease in price: \[ \text{Decrease} = \text{Original Price} - \text{Sale Price} = 24.95 - 14.97 = 9.98 \]
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Set up the proportion: The percent of change can be calculated with the formula: \[ \text{Percent of Change} = \frac{\text{Decrease}}{\text{Original Price}} \times 100 \] This knows the original price is $24.95.
Drops targets to complete:
- Drop target 1: Decrease ($9.98)
- Drop target 2: Original Price ($24.95)
Question 2
Now, let's compute the percent of change:
\[ \text{Percent of Change} = \frac{9.98}{24.95} \times 100 \]
Calculating this gives:
\[ \text{Percent of Change} \approx \frac{9.98}{24.95} \approx 0.4008 \]
\[ 0.4008 \times 100 \approx 40.08% \]
Rounding to the nearest whole percent:
Percent of change: 40%.