The price of a jacket has decreased $21.50 in equal daily increments over the last 5 days. How much is the price changing per day? Round to the nearest hundredth.
A. -$0.23
B. $0.23
C. -$4.30
D. $4.30
C. -$4.30
To find the price changing per day, we need to divide the total decrease in price by the number of days it took for the decrease to occur.
The total decrease in price is $21.50.
The number of days is 5.
To find the price changing per day, we divide the total decrease by the number of days: $21.50 / 5 = $4.30
Therefore, the price is changing by $4.30 per day.
The correct answer is D. $4.30.
To find the change in price per day, we need to divide the total decrease in price ($21.50) by the number of days (5).
Using the formula: Change per day = Total decrease / Number of days
Change per day = $21.50 / 5
Calculating this, we find that the change in price per day is $4.30.
Therefore, the correct answer is D. $4.30.