Math Problem Statement
The price of an item has dropped to $50 today. Yesterday it was $125. Find the percentage decrease.
Solution
To solve this problem of finding the percentage decrease, we use the formula for percentage change:
Given:
- Original value (yesterday's price) = 125
- New value (today's price) = 50
Step-by-Step Solution:
-
Find the difference between the original value and the new value:
-
Divide the difference by the original value:
-
Multiply by 100 to convert to a percentage:
Final Answer:
The percentage decrease is 60%.
Let me know if you need further clarification or details!
Related Questions:
- How do you calculate percentage increase instead of decrease?
- If the price drops to $25, what would the percentage decrease be?
- What is the formula for percentage change, and when is it used?
- How do you interpret percentage changes in real-life scenarios?
- If the price increases from $50 to $125, what would the percentage increase be?
Tip:
To check if a percentage change is correct, you can reverse the calculation using the percentage value and the original number to verify.
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Math Problem Analysis
Mathematical Concepts
Percentages
Percentage Change
Basic Arithmetic
Formulas
Percentage Decrease = ((Original Value - New Value) / Original Value) × 100
Theorems
Percentage Change Formula
Suitable Grade Level
Grades 6-8