Find the percent of change if the original price is $246.95 and the new price is $199.95. Round to the nearest tenth of a percent of necessary. Show your work and state whether this is an increase of decrease.

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Answer:

This is a 19% decrease.

Step-by-step explanation:

First step: calculate the difference:

[tex]\$246.95-\$199.95=\$47.00[/tex]

Second step: calculate the ratio of the difference and the original price:

[tex]\dfrac{\$47.00}{\$246.95}\approx0.1903219[/tex]

Third step: Convert to the percent:

[tex]0.190319\cdot100\%=19.0319\%\approx19\%[/tex]

Answer:

Percentage dropped: 19%

199.95 is 81% of 24695

199.95/246.95 x 100 = 80.96780725

100 - 80.97 = 19.03