The price of an antibiotic decreased from $86.25 to $52.75 for a bottle of 100 tablets. Find the ratio of the decrease in price to the original price.
(86.25 - 52.75)/86.25 = ?
RATIO=(86.25-52.75)/86.25=33.5/86.25=
6.7/17.25
To find the ratio of the decrease in price to the original price, we need to calculate both values.
The original price of the antibiotic is $86.25, and the new price is $52.75. The decrease in price is the difference between the original price and the new price.
Decrease in price = Original price - New price
Decrease in price = $86.25 - $52.75
Decrease in price = $33.50
Now, we can calculate the ratio of the decrease in price to the original price.
Ratio of decrease in price to original price = Decrease in price / Original price
Ratio of decrease in price to original price = $33.50 / $86.25
To simplify the ratio, we can divide both the numerator and denominator by the greatest common divisor (GCD) of $33.50 and $86.25, which is 1.
Ratio of decrease in price to original price = $33.50 / $86.25
Ratio of decrease in price to original price ≈ 0.388405797
Therefore, the ratio of the decrease in price to the original price is approximately 0.3884.