The price of an item has dropped to $153 today. Yesterday it was $180. Find the percentage decrease.
Question
The price of an item has dropped to $153 today.
Yesterday it was $180. Find the percentage decrease.
Solution
Sure, here are the steps to find the percentage decrease:
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First, find the amount of decrease. This is done by subtracting the new price from the old price. So, 153 = $27.
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Next, to find the percentage decrease, divide the amount of decrease by the original price. So, 180 = 0.15.
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Finally, to convert this to a percentage, multiply by 100. So, 0.15 * 100 = 15%.
Therefore, the price of the item has decreased by 15%.
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