Question

At the end of the year, Close made the current year on mark down to make Room for next year models. One particular model had a sticker price of $28,640 when it was new. After being marked down, the price is now $27,208. What What is the percent of decrease in the price of the car

Answer 1

Answer: 5%.

Explanation:

Given data:

Old price = $28,640

New price = $27,208

Solution:

Percentage of decrease

= old price - new price / old price * 100

= $28,640 - $27,208 /. $28,640 * 100

= $1432/$28,640*100

= 0.05*100

= 5%.

The percentage of decrease for the car is 5%.