Question

Store sells a running suit for $35. Joey found the same suit online for $29. What is the percent decrease to the nearest percent?

Answer 1

The price decrease to the nearest percent is 17%

Explanation:

The formula for determining the percentage change is:

`p = (N - O)/O * 100`

Where:

`p` is the percentage change - what we need to calculate
`N` is the New price - $29 for this problem
`O` is the Old price - $35 for this problem

Substituting and calculating `p` gives:

`p = (29 - 35)/35 * 100`

`p = -6/35 * 100`

`p = -600/35`

`p = 17` rounded to the nearest percent.