the price of a television changes from $398 to $306.46. find the percent of increase or decrease.
a.30% increase
b.30% decrease
c.23% increase
d.23% decrease
To find the percent of increase or decrease, we can use the formula:
Percent Change = ((New Price - Old Price) / Old Price) x 100
Plugging in the values:
Percent Change = (($306.46 - $398) / $398) x 100
Percent Change = (-$91.54 / $398) x 100
Percent Change = -0.22975 x 100
Percent Change = -22.975%
Therefore, the percent decrease is 23%, which means the correct answer is:
d. 23% decrease