Question

The price of a phone decreased from $300 to $250. Calculate the perentage decrease in price.

Answer 1

To calculate the percentage decrease in price, We can use the following formula:

• Percentage Decrease = [(Initial Price - Final Price) / Initial Price] × 100%

In this case, the initial price was $300, and \: the \: final \: price\: is $250.

• = [($300 - $250) / $300] × 100%

• = [($50) / $300] × 100%

Now, calculating the percentage decrease, we get

• = (1/6) × 100%
• = 16.67%

So, the price of the phone decreased by approximately 16.67% .