Question

. Elisa went on a shopping spree last week. Recently she got quite upset because

an item that she purchased for $500 last week is available at a price of $350 this
week. Calculate the percent decrease in the price of the item.

Answer 1

35% decrease in price of the item

Answer 2

The percent decrease is 30%.

Explanation:

percent change = (new number - old number)/(old number) × 100%

percent change = (350 - 500)/(500) × 100%

percent change = -30%

A negative percent change is a percent decrease.

Answer: The percent decrease is 30%.