To find the percent change in price when ordering the shoes from the company, you can use the percent change formula:
\[ \text{Percent Change} = \frac{\text{New Price} - \text{Old Price}}{\text{Old Price}} \times 100 \]
In this case:
- Old Price = $52.00
- New Price = $42.64
Now, plug in the values:
\[ \text{Percent Change} = \frac{42.64 - 52.00}{52.00} \times 100 \]
Calculating the numerator:
\[ 42.64 - 52.00 = -9.36 \]
Now substitute back into the formula:
\[ \text{Percent Change} = \frac{-9.36}{52.00} \times 100 \]
Calculating the division:
\[ \frac{-9.36}{52.00} \approx -0.180769 \]
Now multiply by 100 to get the percent:
\[ -0.180769 \times 100 \approx -18.08 \]
So the percent change is approximately -18%.
This indicates an 18% decrease.
Therefore, the correct answer is: 18% decrease.
2 answers