Use the graph, showing the yearly food costs of a family.
What was the percent decrease in the cost of food from 2003 to 2004? Your answer must be a percentage.
2003 is 10,500 and 2004 is 9,500
10,500 - 9,500 = 1,000
1,000 / 10,500 = ?
Change the decimal to a percent.
ty that makes more sense now
Find the median of the following set of numbers.
45, 21, 55, 22, 65, 61
To calculate the percent decrease in the cost of food from 2003 to 2004, you can use the following formula:
Percent decrease = ((Initial value - Final value) / Initial value) * 100
Plugging in the values given:
Initial value = 10,500
Final value = 9,500
Percent decrease = ((10,500 - 9,500) / 10,500) * 100
= (1,000 / 10,500) * 100
Calculating the value:
Percent decrease = 0.0952 * 100
= 9.52%
Therefore, the percent decrease in the cost of food from 2003 to 2004 is 9.52%.