Question

At an arts and crafts fair, a photographer priced a framed print at $49.50. He ended up sellingit for $45.00. Find the percent of decrease in the price of the print. Round the percent to thenearest tenth if necessary.

Answer 1

cost of the framed print = $49.50

selling price = $45.00

decrease = 49.50 - 45.00 = $4.5

Therefore,

$\begin{gathered} \text{percentage decrease=}\frac{\text{decrease}}{\cos t\text{ price}}\times100 \\ \text{percentage decrease = }\frac{4.5}{49.50}\times100 \\ \text{percentage decrease = }\frac{450}{49.50} \\ \text{percentage decrease =}9.09090909091 \\ 9.09090909091\approx9.1\text{\%} \end{gathered}$