Last year Jacob made $2,300 at his summer job. This year he only made $1,771.
What is the percent decrease?
To find the percent decrease, we need to find the difference between the two amounts and then express it as a percentage of the original amount.
The difference between $2,300 and $1,771 is:
$2,300 - $1,771 = $529
To express this difference as a percentage of the original amount, we need to divide the difference by the original amount and multiply by 100:
($529 รท $2,300) x 100% = 22.99%
Therefore, Jacob's summer job earnings decreased by approximately 23%.