The price of a car has been reduced from $11,000 to $8,690. What is the percentage decrease of the price of the car?
(11,000-8690)/11,000 = ?
(11000-8690)/11000 * 100 = 21%
To calculate the percentage decrease of the price of the car, you can follow these steps:
1. Determine the amount of decrease: Subtract the reduced price from the original price.
Decrease = Original Price - Reduced Price
In this case:
Decrease = $11,000 - $8,690 = $2,310
2. Calculate the percentage decrease: Divide the amount of decrease by the original price and then multiply by 100.
Percentage decrease = (Decrease / Original Price) * 100
In this case:
Percentage decrease = ($2,310 / $11,000) * 100 ≈ 21%
Therefore, the price of the car has been reduced by approximately 21%.