The Wonderful Widget Company's earnings have declined to the point where they need to reduce the number of employees from 12001200 to 10081008. Find the percent decrease in the company's workforce. Round your answer to the nearest hundredth, if necessary.
Question
The Wonderful Widget Company's earnings have declined to the point where they need to reduce the number of employees from 12001200 to 10081008. Find the percent decrease in the company's workforce. Round your answer to the nearest hundredth, if necessary.
Solution
To find the percent decrease in the company's workforce, you need to follow these steps:
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Find the difference in the number of employees before and after the reduction. This is done by subtracting the smaller number from the larger number.
So, 1200 - 1008 = 192
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Next, you need to divide this difference by the original number of employees (before the reduction), which is 1200.
So, 192 / 1200 = 0.16
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To convert this decimal to a percentage, you multiply by 100.
So, 0.16 * 100 = 16%
Therefore, the percent decrease in the company's workforce is 16%.
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