Math Problem Statement

1 ton of copper decreased by 20% in 2015 this decrease was $1320. What will the price of 1 ton of copper be now?

Solution

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Math Problem Analysis

Mathematical Concepts

Percentage Decrease
Basic Algebra

Formulas

Decrease in price = Percentage Decrease × Original Price
Current Price = (1 - Percentage Decrease) × Original Price

Theorems

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Suitable Grade Level

Grades 6-8