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 2.80. Find the percentage decrease. Round your answer to the nearest tenth of a percent.%
Solution
To find the percentage decrease:
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First, find the difference in price between yesterday and today. Subtract the new price from the old price: 2.45 = $0.35.
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Next, divide the difference by the old price to find the decrease as a decimal: 2.80 = 0.125.
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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%.
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