Question

When the consumer price index (cpi) decreases from 250 to 150, prices decrease by 100%. True or false?

Answer 1

False

Explanation:

Just did test

Answer 2

Answer with explanation:

Original Price = $250

Decreased Price = $ 150

Reduction = Original Price - Decreased Price

= $ 250 -$ 150

= $ 100

Let reduction Percentage =x %

% Reduction

`=250 -250 * (x)/(100)=150\\\\\Rightarrow 250-150=250 * (x)/(100)\\\\ \Rightarrow (100)/(250)= (x)/(100)\\\\\Rightarrow x=(10000)/(250)\\\\\Rightarrow x=40`

x=40%

⇒40% ≠ 100%

→→→When the consumer price index (cpi) decreases from 250 to 150, prices decrease by 100% , is False Statement.