Question

at a garage sale petra priced her scooter for $15.50. She ended up selling it for $10.75. Find the percent of decrease in the price of the scooter. Round to the nearest tenth if necessary

Answer 1

The percent of decrease in the price of the scooter is 30.7%

How to determine the percentage of the decrease?

In this question, the figures are given as

Amount bought = $15.50

Amount sold = $10.75

These figures can be represented as

Initial amount = 15.50

Final amount = 10.75

The percentage of the decrease is then calculated using the following equation

Percentage = (Final amount - Initial amount)/Initial amount * 100%

Substitute the known values in the above equation, so, we have the following representation

Percentage = (10.75 - 15.50)/15.50 * 100%

Evaluate

Percentage = -30.7%

Hence, the percentage is 30.7%

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