Question

A retailer sold $32,430 worth of merchandise last month. This month, his sales were only $19,600. What is the percent of decrease in sales? Round to the nearest tenth of a percent.

Answer 1

To calculate the percent decrease in sales, you can use the following formula:

Percent Decrease = [(Previous Month Sales - Current Month Sales) / Previous Month Sales] × 100

Plug in the values:

Percent Decrease = [($32,430 - $19,600) / $32,430] × 100

Percent Decrease = [($12,830) / $32,430] × 100

Now, calculate this:

Percent Decrease ≈ (0.3962) × 100 ≈ 39.6%

So, the percent decrease in sales is approximately 39.6% (rounded to the nearest tenth of a percent).