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