The decrease was 27%.
Step-by-step explanation:
Old value = $980
New value = $720
Decrease = Old value - New value
[tex]Decrease=980-720=\$260[/tex]
Percent decrease = [tex]\frac{Decreased/ amount}{Old value}*100[/tex]
[tex]Percent\ decrease=\frac{260}{980}*100\\Percent\ decrease=0.265*100\\Percent\ decrease= 26.5\%[/tex]
Rounding off to near whole percent
Percent decrease = 27%
The decrease was 27%.
Keywords: Percentage, subtraction
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