The last time you ordered paper you paid $5.00 per ream. The current price is $4.70 per ream. What is the percent of decrease in
"+{price?
0.3 / 5 = _______
Multiply the decimal answer by 100 to get the percentage of decrease.
To find the percent of decrease in price, you can use the following formula:
Percent of decrease = ((Initial price - Final price) / Initial price) * 100
Let's calculate it for your case:
Initial price = $5.00 per ream
Final price = $4.70 per ream
Percent of decrease = ((5.00 - 4.70) / 5.00) * 100
First, let's calculate the numerator:
5.00 - 4.70 = 0.30
Now let's divide the numerator by the initial price:
0.30 / 5.00 = 0.06
Lastly, let's multiply the result by 100 to get the percentage:
0.06 * 100 = 6%
Therefore, the percent of decrease in price is 6%.
To calculate the percent of decrease in price, you'll need to find the difference between the original price and the new price, then divide that difference by the original price and multiply by 100.
First, let's calculate the difference in price:
Difference = Original Price - New Price
Difference = $5.00 - $4.70
Difference = $0.30
Next, let's calculate the percent of decrease:
Percent of Decrease = (Difference / Original Price) * 100
Percent of Decrease = ($0.30 / $5.00) * 100
Percent of Decrease = (0.06) * 100
Percent of Decrease = 6%
Therefore, the percent of decrease in price is 6%.