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The price of a cup of coffee has dropped to $2.45 today. Yesterday's price was $2.80. Find the percentage decrease. Round your answer to the nearest tenth of a percent.%

Question

The price of a cup of coffee has dropped to 2.45today.Yesterdayspricewas2.45 today. Yesterday's price was 2.80. Find the percentage decrease. Round your answer to the nearest tenth of a percent.%

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Solution

To find the percentage decrease:

  1. First, find the difference in price between yesterday and today. Subtract the new price from the old price: 2.802.80 - 2.45 = $0.35.

  2. Next, divide the difference by the old price to find the decrease as a decimal: 0.35/0.35 / 2.80 = 0.125.

  3. Finally, multiply the decimal by 100 to convert it to a percentage: 0.125 x 100 = 12.5%.

So, the price of a cup of coffee has decreased by approximately 12.5%.

This problem has been solved

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