Question

The price of an item has dropped to $69 today. Yesterday it was $115.

Find the percentage decrease

Answer 1

To find the percentage decrease, we need to calculate the difference between the original price and the new price, and then divide that difference by the original price.

The difference between the original price ($115) and the new price ($69) is $115 - $69 = $46.

Next, we divide the difference by the original price: $46 / $115 = 0.4.

Finally, we multiply the result by 100 to get the percentage decrease: 0.4 × 100 = 40%.

Therefore, the percentage decrease is 40%.