The price of an item has dropped to $69 today. Yesterday it was $115.
Find the percentage decrease
To find the percentage decrease, we can use the formula:
Percentage Decrease = (Original Value - New Value) / Original Value x 100%
In this case, the original value (yesterday) is $115 and the new value (today) is $69. Plugging these values into the formula:
Percentage Decrease = (115 - 69) / 115 x 100%
= 46 / 115 x 100%
= 0.4 x 100%
= 40%
Therefore, the percentage decrease is 40%.