Concept explainers
The original price for a gallon of milk is $4.19. The sale price this week for a gallon of milk is $2.99. What is the percent decrease to the nearest percent?
To find: The percent decrease to the nearest percent.
Answer to Problem 12P
29%
Explanation of Solution
Given information: The original price for a gallon of milk is $4.19. The sale price this week for a gallon of milk is $2.99.
Calculation:
Since new amount is less than original amount, so the percent change is a decrease.
Original price = $4.19
New price = $2.99
The percent decrease is
Thus, percent decrease is 29%.
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