Question

The store posted a discounted price of jeans at $24 from the original price of jeans at $55. What is the percent of decrease?

Answer 1

ANSWER

56.36%

EXPLANATION

The store posted a discounted price of $24.

The original price of the jeans is $55.

To calculate the percent decrease, we first have to subtract the new cost of the jeans from the original price of the jeans:

$55 - $24 = $31

Now, we divide this by the original price and multiply by 100:

$\frac{31}{55}\cdot\text{ 100 = 56.36\%}$

There was a 56.36% decrease.