Question

The price of an item yesterday was $120. Today, the price fell to $66. Find the percentage decrease.

Answer 1

45%

Explanation:

To find the percentage decrease, we need to calculate the difference between the original price and the new price, then divide that by the original price and multiply by 100 to get the percentage decrease.

The difference between the original price and the new price is:

$120 - $66 = $54

To find the percentage decrease, we divide this difference by the original price:

$54 / $120 = 0.45

To express this as a percentage, we multiply by 100:

0.45 x 100 = 45%

Therefore, the price decrease is 45%.

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Answer 2

• 45%

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Given:

• Initial price = $120
• New price = $66

Decrease in price is the difference between initial and new prices:

• 120 - 66 = 54

Percent decrease is the ratio of decrease amount by the initial price:

• 54/120*100% = 45%