Question

PLEASE ASAP!!!The local baseball team won the national championship last year. At the start of the baseball season, shirts signed by the team members sold for $250. However, three months into the season, the team had a losing record and the shirts were only selling for $75.
Write an equation to represent this situation. Assume that the price of the shirts decreased by the same rate each month.

What was the monthly multiplier and percent of decrease?

Answer 1

Answer:

Multiplier: -175/3

Decrease: 23⅓ %

Step-by-step explanation:

75 = 250 - 3(d)

d = -175/3

Y = 250 - (175/3)m

Where m is the no. of months

Y is the new value

(175/3)/250 × 100 = 70/3 %

Or 23⅓ %