Question

In 1999, total revenue of a company from music sales and licensing was $14.1 billion. It was forecasted that this
number would continue to drop until it reached $5.6 billion in 2014. Find this percent decrease in music revenue.
The percent decrease in music revenue is %.
(Type a whole number or a decimal rounded to the nearest tenth as needed.)
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Answer 1

The percent decrease in the music revenue is 60.2%

How to calculate the percent decrease ?

Percent decrease can be described as the reduction in the value of a number.

In 1999, the revenue of the company was $14.1 billion

In 2014, the revenue of the company was $5.6 billion

The percent decrease can be calculated as follows

= 14.1 - 5.6/14.1 × 100

= 8.5/14.1 × 100

= 0.602 × 100

= 60.2 %

Hence the percent decrease is 60.2%

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