The price of a car was marked as $14,000. The end of the month sale has the price to $12,500. What is the percent decrease to the nearest percent?
Mathematics · Middle School · Tue Nov 03 2020
Answered on
Given:
Original price of the car = $14,000
End month sale price = $12,500
Determine what is the percent decrease.
Solution:
In order to determine the percent decrease of the prices, we take first the common difference between the original price, and the end month sale price.
Common difference = $14,000 - $12,500
Common difference = $ 1,500
Now that we've determined the common difference, we will divide the common difference by the original price of the car in order to determine the percentage, or what percent of 14000 is 1500.
= $1,500/ $14,000
= 0.107
Since we are given a decimal answer, in order to convert it into percentage, we multiply the decimal by 100. Hence, in converting a percentage into decimal, we divide the percentage by 100.
=( 0.107)(100)
= 10.7%
Since we are asked to round to the nearest percentage. In rounding numbers, it must be taken to note that if the number is greater than or equal to 5 then the succeeding number will be added by 1, hence if the number is less than 5, then the succeeding number will remain the same. 7 is greater that 5, therefore we will increase the value of the percentage by 1.
= 11%
Final answer: The percentage decrease is 11%.